New Keynesian literature assumes symmetric industrial structure when analysing explanations of money non-neutrality. This paper analyses the impact of modifying this assumption by allowing for a mixed industrial structure; some industries are characterized by monopolistic competition, others by...

In the future, a ban of pay-per-view broadcasting will arise on certain events included on national lists in each EU country as put forward in the new "Television Without Frontiers" Directive from the 16th of April, 1997. This paper analyses theoretically the consequences of such ban when the...

This paper analyzes the welfare implications of regulating some but not all monopolistic industries of an economy (i.e., marginal regulation). It is shown that marginal regulation decreases welfare if a large fraction of all industries are monopolistic. Furthermore, the paper shows that the...