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Journal Article
A matter of antitrust: the debate over the role of government as referee of market competition

Related link(s):
Econ Focus , Volume 13 , Issue Sum

Working Paper
The location and quality effects of mergers

Working Papers , Paper 92-5

Working Paper
Structure, conduct, performance, and welfare

Working Papers , Paper 92-13

Competition and productivity: a review of evidence

Does competition spur productivity? And if so, how does it do so? These have long been regarded as central questions in economics. This essay reviews the literature that makes progress toward answering both questions.
Staff Report , Paper 439

Journal Article
Jargon alert : Monopoly

Econ Focus , Volume 9 , Issue Sum , Pages 10

Discussion Paper
Modelling complementarity in monopolistic competition

In recent years, monopolistic competition models have frequently been applied in macroeconomics, international and interregional economics, and economic growth and development. In this paper, I present a highly selective review in this area, with special emphasis on the complementarity and its role of generating multiplier processes, agglomeration, underdevelopment traps, regional disparities, and sustainable growth, or more generally, what Myrdal (1957) called the principle of circular and cumulative causation.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 81

Journal Article
Antitrust issues in payment systems: bottlenecks, access, and essential facilities

Business Review , Issue Sep , Pages 3-12

Journal Article
Postal peril: the checks aren't in the mail

Related link(s):
Econ Focus , Volume 13 , Issue Sum , Pages 16-18

Working Paper
Learning in the marketplace: free entry is free riding

Working Papers , Paper 89-13

Sunk costs, contestability, and the latent contract market

The idea that an industry with sunk costs may be contestable even in the absence of long-term contracts has received little attention from formal economic theory yet is popular among monopolists facing antitrust suits. The paper formally illustrates the argument. In an infinitely repeated game, there exists a class of contestable outcomes in which the monopolist sells only on the spot market and charges low prices along the equilibrium path to prevent customers from resorting to long-term contracts. Then, the crucial test for contestability is the level of transaction costs in the latent ...
Staff Reports , Paper 75