Using the DGE model of the Finnish Economy (the 'Aino' model), we study the response of the economy to reforms in both labour and product markets. The reforms are two-fold. We assume that the wage mark-up, ie the monopoly power of wage-setters is gradually reduced by 5 percentage points. At the...

Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...

Intro -- Contents -- Preface -- Introduction -- 1. The Economic Characteristics of Small Market Economies -- 2. The General Implications of Small Size for Competition Policy -- 3. The Regulation of Single-Firm Dominance -- 4. The Regulation of Natural Monopolies and Essential Facilities -- 5....