This volume contains the papers and discussions of the 39th Ottobeuren Seminar on Economics dealing with the subject of "market power". The authors deal with numerous issues relevant to the market from a theoretical, empirical, political and legal perspective. This meeting of scholars from...

This paper is the keynote speech delivered by Professor William Baumol at the First World Congress of Environmental Economists that was held in Venice on June 25-27, 1998. It analyses the situation of the environment under different economic regimes: the feudal society, Marxism and capitalism....