Does Equal Pay Legislation Reduce Labour Market Inequality? This paper considers a labour market model of monopsonistic competition with taste-based discrimination against minority workers to study the effect of equal pay legislation on labour market inequality. When the taste for discrimination is small or competition is weak, the policy removes job segregation and the wage gap completely. How...

Based on unbalanced panel dates of 4060 companies listed from 2003 2007 in Shanghai and Shenzhen Stock Markets, this paper empirically studies the degree of product market competition, the relationship between cash dividends distribution tendency and cash dividends policy. Results show that controlling shareholders have significant motivation to distribute cash dividends, and this kind of incen...

There is a general presumption that competition is a good thing. In this paper we show that competition in the insurance markets can be bad when there is adverse selection. Using the dual theory of choice under risk, we are able to fully characterize both the competitive and the monopoly market outcomes. When there are two types of risk, the monopoly dominates competition if and only if competi...

The coalition government’s approach to competition in the English NHS represents a shift to a more systematic attempt to organise the NHS along the line of the former publicly owned utilities. There is to be supplier competition both in the market (providers seeking individual patients) and for the market (commissioners selecting providers for services to populations). But the market for tax fi...

INTRODUCTION .....................................................................................97 I. CENTRAL DIMENSIONS OF COMPETITION POLICY FOR MOBILE BROADBAND SERVICES................................................103 A. Market Definition for Advanced Mobile Services................103 B. Defining ‘‘Competitive’’ in the Context of the Mobile Broadband Market ...............................

the current paper investigates non-contestable markets, and through discussing this concept and adopting an interdisciplinary approach investigates the interaction between this concept and the contestable markets. in this regard and from a positive point of view, the current paper aims to disuss the interaction of these two concepts. from a legal and normative point of view, we seek to highligh...

Not only do individuals and firms compete with each other within an industry, there is also industry competition with other industries and competition of an industry with its customers and vendors. The rules of industry competition are embedded in market structure and difficult to modify. These rules are discussed under the headings of overall market growth, barriers to entry, rivalries within ...

In this article, we construct a model to study competing payment networks, where networks offer differentiated products in terms of benefits to consumers and merchants. We study market equilibria for a variety of market structures: duopolistic competition and cartel, symmetric and asymmetric networks, and alternative assumptions about consumer preferences. We find that competition unambiguously...