According to Coffee (2002), the number of securities exchanges in the world is likely to eventually shrink radically, under the effects of globalization and technology, thus leading to the question of the survival of relatively small exchanges. However, little information exists regarding the...

We analyze the competition between two developed stock exchanges. Their development rests mainly on their capacity to attract securities and trades. The U.S. market is attracting a growing number of Canadian companies, and is capturing a growing portion of their traded value. This slide of...

Many network industries (telecommunications, electricity, natural gas, postal services, water and sewage services, etc.) are confronted with significant logistic and behavioral problems in their transition towards competition. In this article, I first recall some general principes and...

We consider a regulation problem with complete contracting in a principal-agent model with adverse selection and review within this model the various channels by which external competition parameters affect incentives within the regulated firm. The channels are: the principal's information, the...

Neoclassical economists argue that competition promotes efficiency. They consider technology as given though. In the long run technological progress is an important determinant of the level of welfare and Schumpeter argued that monopoly rents help entrepreneurs to capture the gains of R&D and...

This paper takes advantage of the ban on advertising directed at children in the province of Quebec to study the effect of advertising in the children's breakfast cereal industry. Advertising is viewed alternatively as anti-competitive, if it increases brand loyalty, or as pro-competitive, if it...

The development of the canadian telecommunications web is significantly influenced by the regulatory framework put in place to oversee the evolution of the web toward a competitive system. This paper has two specific objectives: first, to develop a methodological framework, which will allow a...

The popular press often paints an alarmist portrait of computer services being offshored to emerging countries. India is depicted as a formidable competitor, frequently with the suggestion that, given enough time, all jobs could end up there. The number of information technology (IT) jobs in...

According to me, most current debates on social, economic and political issues come not from conflicts between left and right or neo-liberalism or socialism, but rather from a confusion between ends and objectives on the one hand and ways and means on the other. I argue that the competitive...

With assertion of collusive behavior in public construction projects, this report looks at the best practices meant to detect and to deter collusion in procurement. Based on regulatory frameworks, an overview of actual processes in public procurement and of construction industry regulation is...