INTRODUCTION ..................................................................................... 25 I. THE VALUE CHAIN FOR THE INTERNET .................................. 28 A. Broadband .............................................................................. 30 B. Platforms ................................................................................ 34 C. Contractual Incompleteness...

Dynamic entry games are revisited using a Markovian solution concept based on the introduction of long and short time players. This approach provides new insights on the economics of potential competition in particular relative to rent dissipation and selection issues. Potential competition appears less attractive from a normative standpoint. Journal of Economic Literature ClassiÞcation Numbers...

the armenian-turkish conflict except the disagreement between the two countries has also developed in the regional and international levels. it is becoming the conflict of interests and competition of superpowers in regional and international sphere, which has its great influence on the complication of the process of the conflict between the two countries. taking into consideration the disagree...

More than two decades ago in the European Union law, competition has started entering economic activities, organised traditionally under the concept of services of general economic interest. Special and exclusive rights have gradually been abolished in important industries like telecommunications, postal services, energy or railways. European Union policy has opted to prioritize efficiency over...

This paper examines the role played by local identity, or the attachment to a hometown, in restricting occupational choice and mobility. Providing economic foundations at the community level for this deviation from individual self-interest, the analysis links competition between ethnic networks in the Midwest when it was first developing, and the in-group identity that emerged endogenously to s...

This study builds a multi-sectoral balance-of-payments constrained growth model that incorporates some structural heterogeneity between sectors and countries, such as differences in labor productivity, price competition, share of exports and imports, and the quality of commodities. The model in the current paper generates more comprehensive results than Thirlwall (1979), Blecker (1998), and Ara...

We analyse global export data within the Economic Complexity framework. We couple the new economic dimension Complexity, which captures how sophisticated products are, with an index called logPRODY, a measure of the income of the respective exporters. Products' aggregate motion is treated as a 2-dimensional dynamical system in the Complexity-logPRODY plane. We find that this motion can be expla...

More and more companies operate today in a worldwide market under conditions of globalization, increased complexity, and competition. In such an environment, business decisions need to be made quickly yet intelligent, substantiated by the most salient and relevant information available. Under the global competition, with a diligent and measured manner, many companies are increasingly treating b...

This issue brief describes the ways in which competition between firms can benefit consumers, workers, entrepreneurs, small businesses and the economy more generally, and also describes how these benefits can be lost when competition is impaired by firms’ actions or government policies. Several indicators suggest that competition may be decreasing in many economic sectors, including the decades...