Despite the scepticism raised by the German Monopoly Commission our analysis shows that the revised theory of contestable markets can be applied to the telecommunications market better than expected. The original contestable market theory implied three assumptions necessary to be satisfied to...

To explain the success of different distribution strategies in the life insurance industry, we analyze the performance of single- and multi-channel distribution firms in the German life insurance industry. We estimate cost and profit efficiency for three groups of life insurers: multi-channel...

A number of initiatives are under way that will either greatly lower Mobile Termination Rates (MTRs ) – the wholesale payments from the originating network operator whose call initiates the call to the terminating network operator whose customer receives the call – or perhaps even eliminate...