inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez … is costly, but it reduces market power and increases the variety of goods available to consumers. Regulation is an … network. Both marginal and average cost price regulation are considered …

-Saharan African countries. This paper simulates the impact of the introduction of competition on the telecom sector's prices and its … implications for households' welfare. The analysis finds important gains in welfare among current users of telecom services, with …

alliance weakens competition, but induces knowledge transfer between partner firms. We explore oligopoly models that capture …

This paper addresses the reduction of market failure under imperfect competition. It proposes a taxscheme that provides … costs. This creates a new trade off for firms between a low tax-burden and the exercising of market power. Welfare for … tax-condition does not seem to distort profit incentives or markets; under perfect competition the tax-rate would be zero …

The welfare cost of imperfect competition in the product and labor market as well as distortionary taxation is … quantified in a dynamic general equilibrium model parameterized to fit the U.S. economy. We find that the welfare cost of … imperfect competition in the product market is 35.74 percent while it is 0.66 percent in the labor market, taking the transition …

This paper addresses the reduction of market failure under imperfect competition. It proposes a taxscheme that provides … costs. This creates a new trade off for firms between a low tax-burden and the exercising of market power. Welfare for … tax-condition does not seem to distort profit incentives or markets; under perfect competition the tax-rate would be zero …

and welfare loss. …