adequate response to markets without prices. Modern antitrust law is firmly grounded in neoclassical economics — price theory …. Steeped in price theory, preeminent antitrust theorists have unsurprisingly urged that without prices there can be no markets …

I propose a model of income redistribution in an open-economy environment. The world consists of a finite number of …

, an increase in competition that makes adaptation more important can favor centralization over decentralization …

2000, Delmastro 2002, Acemoglu et al. 2007). We find decentralization dominates for products with short lifecycles but in …, decentralization outperforms centralization in the initial phase of the product lifecycle, centralization is superior in the … intermediate phase, and decentralization outperforms again at the final phase. Thus organizational change also appears to be a …

(centralization) or two (decentralization) regulatory authorities, when the regulator(s) can be partially captured by industry. Under …

and benefits of decentralization, in relation to factors such as the levels of human and social capital, the degree of …