If a durable-good monopoly can use either of two technologies whose properties are known to consumers, the monopoly uses only the technology with the lowest average cost at low levels of production. If consumers only know about technologies in use, the monopoly may use an inferior technology...

The purpose of this paper is to analyze the issues involved when introducing consumer choice into the power sector. Section 1 describes the approaches used by several countries to introduce tetail competition. Section 2 describes the forces that are pushing consumer choice and retail...

Цель исследования состоит в объяснении траекторий институциональных изменений. Оно фокусируется на общественных отношениях в собственности и рынка земли в...