Describes how mathematics enjoyed a virtual monopoly as the privileged method of economic inquiry in the post-war period. Counters the argument that such a position generates negative consequences, such as monopoly rents and the abuse of dominant positions. Argues that competing schools of...

Proposes a model which shows that Stackelberg competition is not necessarily welfare- enhancing compared with Cournot competition. Shows that, although in a simple duopoly model prices in a Stackelberg equilibrium are lower than in a Cournot equilibrium, this is not necessarily true in an...

In this paper we show that the claim that the price in a Stackelberg model is lower than the price in a Cournot model, does not necessarily hold in an entry-deterrence framework. Using a signaling model of entry deterrence, we show that when post-entry competition is Stackelberg instead of...

In this paper the effects of different institutional scenarios on rent creation and rent distribution in a labour market are studied. Rent is generated by sinking costs in human capital investment and this rent is distributed between firms and workers by the wage set. In the bench-mark scenario...

In this paper we develop a method for the evaluation of regional economic performance based on an input-output (IO) framework. After choosing economic criteria for measuring this performance, such as real GDP per worker, we pick out the 'best'performing region per sector. Taken together, they...