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Firms in socialist and transitional economies are often obliged to provide social goods at the same time that they are … competing with private firms. This paper analyzes the impact of such bundling on the provision of private and social goods … constraint problem results in firms not becoming efficient in the private goods market. We show that more competition in the …
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In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...
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