We study quantity and price competition in heterogeneous triopoly markets where two firms are commonly owned by … loss of social welfare in the mode of quantity competition, but to a higher loss of welfare in the mode of price … competition. In general, owner coordination via the management compensation contracts is detrimental to welfare: the tragedy of …

A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition …

We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands … through to consumers in islands with different market structure. We show that pass-through increases with competition, going … adjustment for VAT changes, as well as a positive relationship between competition and the rate of price adjustment. Finally, we …