Purpose of the article: This paper focuses attention on regional price indices (RPI) that reach across regions, respectively Czech regions, and different levels. Methodology/methods: The article mainly analyses the relation between the RPI and the particular form of market structures at the...

Excess capacity is viewed as a distinctive feature and an essential inefficiency of monopolistic competition as the large-group case of imperfect competition. Using a simple geometrical approach and studying the demand and cost curves faced by the individual firm, we find that there is little...

In this paper we aim, first, to examine how an economy's financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this...