Policymakers face an increasing number of questions regarding whether markets efficiently choose technological standards. In this essay I survey the economic literature regarding standards, focusing on arguments that markets move between standards either too slowly or too swiftly.

This paper provides a survey of recent experimental work in economics focusing on social and economic networks. The experiments consider networks of coordination and cooperation, buyer-seller networks, and network formation.

In this paper, I consider eight basic fallacies that can arise from using conventional wisdom from one-sided markets in two-sided market settings. These fallacies are illustrated using statements made in the context of regulatory investigations into credit card schemes in Australia and the...

The main objective of this paper is to examine the state of adoption and implementation of competition rules in the 12 Southern Mediterranean countries (the "Mediterranean Partners") engaged in association agreements with the EC in the framework of the Barcelona Declaration of November 1995.

Liner shipping has been characterized by collusive agreements, called shipping conferences, since its founding in the mid-nineteenth century. This article surveys the competing models of shipping conferences, including monopolizing cartels and destructive competition models, and reviews a...

The paper discusses port pricing structures that enhance ship efficiency. Traditionally, ports use public infrastructure pricing, which does not take differences in waiting cost into considerations. We present two alternatives, a two part priority pricing scheme and port slot auctions, as...

The question of whether exclusive licensing of the right to provide harbour towage services in ports can provide a superior outcome to open competition has been among the questions that have recently preoccupied Australian policymakers. The purpose of this paper is to evaluate the arguments for...

The recent worldwide trend towards devolution in the port industry has spawned considerable variety in the types of governance structures now in place around the world. This paper discusses the range of devolution alternatives adopted in the global ports sector, as identified by the World Bank...