Firms in mobile telephone markets charge one another for delivering calls to subscribers. These so-called termination charges are controversial from a policy perspective since they are fairly high and stable. We present a model of consumer and firm behavior in mobile markets in order to identify the role of termination charges in determining the market equilibrium. We analyze three segments of ...

This paper reports on an experimental study of the relationship between job capacity, job concentration, and market power in the context of an agent-based computational model of a labor market. Job capacity is measured by the ratio of potential job openings to potential work offers, and job concentration is measured by the ratio of work suppliers to employers. For each experimental treatment, w...

The Sukuk market has become the fastest growing segment of the Islamic financial services industry. Governments and other corporate entities have started tapping the local and international Sukuk markets in order to raise the required funds. The investor base is also expanding and Sukuk has now become a popular and obvious choice for retail investors in a number of jurisdictions. However, becau...