Electricity is one of the last U.S.industries in which competition is replacingregulation. We briefly review the …

however not really salient as competition is discussed save for in a few particular instances. This is a pity since the market … this manner some of the inner workings of the market process, what promotes competition subject to which institutional … constraints, are discussed to the benefit of yet another important Austrian demarcation, that of competition as being geared by …

. Specifically, he illustrates how fiercer product market competition can theoretically reduce the prevalence of nominal wage … supporting the view that increased competition has reduced the use of nominal contracts and the indexation of contract wages, and … presents limited, inconclusive data supporting the view that greater product market competition has boosted the overall use of …

encouraging competition between brokers as an alternative to banning such practices. We empirically show that the critical number …