We analyze a market game where firms choose capacities under uncertainty about future market conditions and make output choices after uncertainty has unraveled. We show existence and uniqueness of equilibrium under imperfect competition and establish that capacity choices by strategic firms are generally too low from a welfare point of view. We also demonstrate that strategic firms choose even ...

We measure the effects of trade liberalization over the period of 1993-2002 on regional poverty levels in 259 Indonesian regions, and investigate the labour market mechanisms behind these effects. The identification strategy relies on combining information on initial regional labour and product market structure with the exogenous tariff reduction schedule over four three-year periods. We distin...

The privatization and liberalization of telecommunications services have been debated and pursued with varying speed and successby countries throughout the world. InTurkey, efforts to privatize Türk Telekom and liberalize the telecommunications regime have not yet been successful.At the same time, the Internethas experienceddramatic growth.While the experienceofTurkey illustrates that formal li...

Although it is often argued that liberalization provides opportunities for growth and development in all over the world, there are divergent views about the effects of agricultural trade liberalization on growth and income distribution in developing countries. The developing countries’ main complaint in this regard is that trade distorting activities in agriculture by developed countries advers...

Since the mid-1980s, power sector liberalization has been embraced at different levels in the east Asian countries of China, Japan, South Korea and Taiwan. The dominant rationale underlying power liberalization has been a quest for efficiency improvements, to be achieved by substituting private market activity for public regulations and by opening a country’s electricity system to the global ec...