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Additive Manufacturing (AM) enables mass customization and has thereby the potential to revolutionize traditional manufacturing. In this paper, we examine how the adoption of AM affects competition and welfare in traditionally standardized product markets. Analyzing a game-theoretical model of...
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This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
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market failures or to remove inadequate regulation. In the first part, the structure, size and economic relevance of the … industry are presented. There is also a brief review of government regulation. The second part is dedicated to analyzing the … possibilities; cost structures and freight rates; the impact of government regulation; and factors concerning efficiency and growth …
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Can the structure of asset markets change the way monetary policy should be conducted? Following a linear-quadratic approach, the present paper addresses this question in a New Keynesian small open economy framework. Our results reveal that the configuration of asset markets significantly...
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