This article estimates the impact of industrial concentration on aggregate welfare as well as consumer and producer surpluses taking into account market power and cost efficiency effects. Using a sample of 232 U.S. manufacturing industries, empirical results indicate that an across-the-board...

This article uses a discrete choice, random coefficients logit model for analyzing consumer behavior and retail price competition in the Boston fluid milk market. The problems of product dimensionality and consumer heterogeneity implied by imperfect substitution in markets with differentiated...

Accessibility gains arising from transport infrastructure improvements are one of the key elements boosting a complex process involving transport, land use and regional development effects. The inclusion of the wider socio-economic effects stemming from large-scale transport infrastructure...

The conflict of efficiency vs. cohesion objectives is of particular interest in the transport planning field. If the only objective was the maximization of economic growth, the 'most efficient' policy would attempt to concentrate the economic activity in several strong regional centres and...

The purpose of this paper is to provide empirical measures of the returns to scale coefficients, substitution elasticities between capital and labor, their marginal productivities, and the profitability of inputs in the Spanish telecommunications industry. The results of this study indicate that...