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The paper focuses on the cost characteristics of Internet technology and on the question whether there are monopolistic … bottlenecks in Internet services which justify regulatory intervention into the market. The analysis is prompted by a discussion … of the cost characteristics of the Internet, which could be the source of monopolistic bottlenecks in Internet services …
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The "net neutrality" principle has triggered a heated debate and advocates have proposed policy interventions. In this paper, we provide perspective by framing issues in terms of the positive economic factors at work. We stress the incentives of market participants, and highlight the economic...
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Analyses in international political economy (IPE) identify interest rate convergence, magnified in the process of European monetary integration, and financial market liberalization as causal factors behind the rise of house prices. Despite these common credit supply shocks, developed economies...
Persistent link: https://www.econbiz.de/10013027647
Civil unrest is a powerful form of collective human dynamics, which has led to major transitions of societies in modern history. The study of collective human dynamics, including collective aggression, has been the focus of much discussion in the context of modeling and identification of...
Persistent link: https://www.econbiz.de/10014164119
Adopting a critical stance towards North's recent theory of institutional change and economic performance, the paper … political institutions in competition among groups. A Darwinian theory of institutions is unfolded in eight propositions which …
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