Purpose - Complaints about lower agricultural farm-gate price and higher consumer price have emerged in China in recent years. The large gap between dairy farm-gate price and consumer price gives rise to worries that China's dairy industry is characterized by strong degree of oligopoly. The...

Purpose -The purpose of this paper is to investigate how and why a firm’s product market power affects its dividend policy. Design/methodology/approach -This paper uses three measures of market power? The degree of import competition, Herfindahl-Hirschman index, and Lerner Index? To examine...

Based on the French market, the purpose of this article is to show that contrary to common opinion in France about the impossibility of having a deregulation of the business of funeral services without observing abuses of many locally dominant suppliers, improvement in consumer information,...

Are labels good or bad for consumers and firms? The answer may seem straightforward since labels improve information, yet economic theory reveals situations where their introduction reduces the welfare of at least some market participants. This essay reviews the theoretical literature on labels...

This paper provides an assessment of the competitive effects of deregulation on a local market that exhibits typical competitive conditions in the French funeral industry. Using a nested logit model, we first show that demand for funeral services is characterized by relatively high price...

This paper provides an assessment of the competitive effects of deregulation on a local market that exhibits typical competitive conditions in the French funeral industry. Using a nested logit model, we first show that demand for funeral services is characterized by relatively high price...

We develop a flexible model to examine competitive conditions in the food retailing industry based on the Box-Cox transformation of the demand and industry equilibrium conditions. The impact of key technological and market developments on shifts in the competitive index is examined. Adoption of...

The many intrinsic (economic, physical and engineering) characteristics substantially differentiate the electrical sector from both other commodities and other public utility services. Within this context, the strategic «gaming» of the operators can generate results that are far from...

In Europa, l'affermazione del c.d. "economic approach" alla interpretazione ed applicazione del diritto antitrust cominciò, come noto, con l'introduzione di una valutazione più benevola delle intese verticali rispetto a quelle orizzontali, per proseguire con il nuovo regolamento sulle...

Two articles of eminent lawyer (Kaplow) and economists (Farrell and Shapiro) have recentlyquestioned the relevance and the utility itself of the notion of the relevant market.These articles do not confine themselves to show the main critiques but also propose differentoptions. In this short...