We stress some efficiency aspects of monopolistic competition justifying it on account of its tendency to innovate and … the questionable excess capacity paradigm. Some further efficiency aspects revealed are product variety and transaction …

telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in …

elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …

elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …