Launching and stimulating competition in telecommunications markets is an important policy goal. It contains two … elements: to encourage entry and to make competition effective such that consumers benefit. The first one requires that … to what extent such regulatory policy can stimulate competition. Our main finding is that, in the short run, asymmetric …

In limiting the patent term to twenty years, Congress sought to use competition to make patented products available to … competition has in practice proven an unreliable method of achieving low prices for off-patent products. Patentholders reap supra … scholars recognized decades ago, the primary effect of competition is not to drive down prices but to stimulate innovation …

regulation may alleviate the cut-throat price competition among firms, and lead to a Pareto win-win outcome from the perspectives …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be …