Acess to both a local and a global network is needed in order to get complete connection to the Internet. The purpose of this article is to examine the interplay between these two networks and how it affects the domestic plublic policy towards a domestic provider of local access.

A market is served by domestic and foreign firms, where the latter incurs a trade cost when delivering to the market. We ask now how trade liberalization -interpreted as a reduction in trade costs- affects the profitability and the welfare effects of a merger between two domestic firms.

It is often asserted that agricultural land yields significant amenity benefits that could be used as a rationale for some of the substantial support to agriculture occuring in many industrialized countries. This paper introduces a method for incorporating information on the willingness to pay...

Regulated firms are not necessarily willing to invest in cost minimizing technologies, but evaluate different technologies according to their impact on the information rent. In a two-type adverse selection model three kinds of investments are considered: investments that increase the probability...