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Although it has for years had a lower unemployment rate than other industrialized countries, Japan has begun to see an increase in unemployment since its economy was hit by the recession of the late 90's. The level of a nation's unemployment is commonly seen as a barometer of its economy's...
Persistent link: https://www.econbiz.de/10011314686
We examine a game of competition with access provision in which service quality is endogenously determined through infrastructure upgrades with spillovers. There are two types of equilibria in the free competition regime. In particular, voluntary access provision with an access charge higher...
Persistent link: https://www.econbiz.de/10010397845