Research and work on this paper benefited from the generous support of Alfred P. Sloan Foundation.-2-Market competition is being introduced into the telecommunications sector in all of the advanced economies as the only means to navigate the profound, discontinuous technological and economic changes currently being experienced as digital information infrastructures emerge. Market competition is...

Two examples of open-loop differential games are considered in the paper. Starting with simplified dynamic Duel, further it was developed to differential economic Duel modelling problem. The first example regards a “military” duel of two objects, the second one is about economic duel and presents the economic competition situation. In both cases Monte Carlo models are used. The search for equil...

Institutional aspects of economic growth are critically reviewed with emphasis on the fiscal crisis facing the European Union (EU). In particular the importance of public debt, economic governance, and industrial competition are assessed, as well as the effectiveness of econometric models in forecasting economic growth. Likewise, the debate on whether political institutions cause economic growt...

The present debate concerning the National Information Infrastructure (NII)[1] has focused primarily on the introduction of competitive markets for the supply and distribution of information. Although competition will be an important component of the NII, and one which we welcome, we argue that it is inappropriate to frame the debate entirely in terms of competition. Competition can be seen as ...

OBJECTIVE This paper uses an economic model to compare three methods for stimulating quality improvement: payment incentives, competition for patients, and emphasis on professional ethics. DESIGN Use an economic model to simulate the impact on quality distortions (risk selection) of differences in payment incentives, competition for patients, and emphasis on professional ethics. SETTING Hea...

This paper presents a new economic approach for studying competition and innovation in a complex and highly interactive system of network providers, users, and suppliers of digital goods and services (i.e., service providers). It employs Cournot and Bertrand games to model the competition among service providers and among network providers, respectively, and develops a novel unified model to ca...