The study of market power in the primary food industry is of high interest to policymakers seeking to help develop poorer countries, due to its potential source to create market inefficiencies and hamper economic development. Recent papers have provided ample empirical evidence, that market...

The Great Reversal is a pleasure to read because of its original arguments and thorough reasoning by a very able economist. Thomas Phillippon analyses the state of competition in the US and Europe, respectively, very convincingly. His main finding is that the intensity of competition has...

Companies and capitals may face different variants of European markets, being necessary to classify these markets by establishing their importance within the whole strategy of the company. Another goal is the wish to cover as many of these markets as possible under maximum efficiency conditions...

Similar to many sub-Saharan African countries, Sudan has inherited a dual economy in the immediate post-independence era where a large agriculture-based rural traditional sector coexisted with a small non-agricultural modern sector. This functional dualism remained until the first oil shipment...

This paper suggests that, with the help of Concordian economics, the economic process can be studied through the perspectives of Production of real wealth; Distribution of ownership rights; Consumption of financial instruments (as well as the integration of these three perspectives). The...

Agricultural productivity in Sudan is historically known to be low, particularly in the traditional sector. Trueblood and Coggins (2001) stated that, Sudan's decrease in agricultural productivity during the period (1961-1991) was due to decreases in both efficiency and technology adoption....

Wind-generated electricity in the United States has grown by more than 400 percent since 2000. According to the Department of Energy, 6 percent of US land could supply more than one and a half times the current electricity consumption of the country. Yet, challenges remain in matching demand for...

Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...

The marketing and sales polices of Iranian crude oil have been revised and changed after the Islamic Revolution of 1979. Production policy that drastically cut back production in order to maintain oil reserves for future generations. In terms of marketing Iranian crude oil, the new revolutionary...

We provide a model of dynamic duopoly in which firms face financial constraints and disappear when they are unable to fulfill them. We show that, in some cases, Cournot outputs are no longer supported in equilibrium, because if these outputs were set, a firm may have incentives to ruin the...