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structure, contestability, inter-industry competition, and institutional and macro economic conditions. This analysis provides …
Persistent link: https://www.econbiz.de/10005628013
) and on combating the (anticompetitive) abuse of market power. Contestability refers to the openness of markets. More … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has … employed the term contestability in broader and in varying ways, emphasizing the role of potential competition and potential …
Persistent link: https://www.econbiz.de/10014538728
) and on combating the (anticompetitive) abuse of market power. Contestability refers to the openness of markets. More … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has … employed the term contestability in broader and in varying ways, emphasizing the role of potential competition and potential …
Persistent link: https://www.econbiz.de/10014536299
This article examines recent market behaviour of EU airlines. After a short descrip- tion of the EU liberalization … process the article continues to analyze the network related cost characteristics of airlines in the deregulated U.S. domestic … internal market. Different developments in network restructuring of EU airlines are described, indicating the first steps …
Persistent link: https://www.econbiz.de/10010682365
Persistent link: https://www.econbiz.de/10009737011
Persistent link: https://www.econbiz.de/10011574445
In markets for experience or credence goods adverse selection can drive out higher quality products and services. This negative implication of asymmetric information about product quality for trading and welfare, poses the question of how such markets first originate. We consider a market in...
Persistent link: https://www.econbiz.de/10010584447
In markets for experience or credence goods adverse selection can drive out higher quality products and services. This negative implication of asymmetric information about product quality for trading and welfare, poses the question of how such markets first originate. We consider a market in...
Persistent link: https://www.econbiz.de/10012056333
Since Akerlof's (1970) seminal paper the existence of adverse selection due to asymmetric information about quality is well-understood. Yet two questions remain. First, given the negative implications for trading and welfare, how do such markets come into existence? And second, why have many...
Persistent link: https://www.econbiz.de/10005036230
Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...
Persistent link: https://www.econbiz.de/10009364451