collusive profit. If bargaining breaks down, they revert to duopolistic competition. For both a location model and a linear … demand model, we show that firms invest more in R&D in the first stage under collusion than under competition. We demonstrate … via example that social welfare may be greater under collusion than under competition in the location model. …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …

examining producer and delivery-system alliances, their effects on competition, and their ultimate provision of HDTV as an …

briefly. We recognize several forms in which such markets manifest themselves. The author emphasizes the role of competition …

The interface between intellectual property and competition policy is a difficult one. Both aim to correct for market …