This paper considers the distributional consequences of the reform programme in Russia. Although a small fraction of the population have gained under the reforms, average real household per capita income has declined significantly with households at the lower end of the income distribution...

In this paper we view the tax schedule applied to the profits of a Multinational Enterprise (MNE) as the outcome of a sequential bargaining process and show, using modern game theory developments (the "perfect equilibrium" solution concept) that tax holidays will emerge from such a process if a...

Telecommunications requires modernization and expansion in eastern and central Europe. The shortage and poor quality of fixed networks elevates the role to be played by mobile telephony. This article examines how mobile telecommunications have developed in the Czech Republic under a high tariff...

Competition in telecommunications is being promoted throughout the world with extensive liberalisation occurring in many countries. Past monopoly provision means that the new era of competition features large incumbent operators. The traditional lack of rivalry means that to accommodate...

Retailers may enjoy stable cartel rents in their output market through the formation of a buyer group in their input market. A buyer group allows retailers to commit credibly to increased input prices, which serve to reduce combined final output to the monopoly level; increased input costs are...

<title>Abstract</title> The iPhone 4 was introduced into the UK market on 24-super-th June 2010 to significant consumer interest. Demand revealed itself exceeding supply through conventional channels, since there was very extensive activity in terms of bidding on eBay auctions for the product. We monitored all...

The electric supply industry in Europe is increasingly under pressure to become more competitive. Deregulation and privatisation in the United Kingdom demonstrate the feasibility of this. Draft directives have already been agreed upon by the European Commission to open access in energy markets....