Huck, Steffen (contributor); … - 2007
efficiency rise in response to regulation in oligopolies. Both, transaction
volume and traded quality are, in fact, maximal in … regulated oligopolies.
Keywords
Markets; Price competition; Price regulation; Reputation; Trust; Moral hazard; Experience … counterintuitive effect of price regulation can be explained as follows. Under
unregulated Bertrand competition prices fall to a level …