question how to measure such indirect effectscorrectly under conditions of perfect and imperfect competition. Conventional CBA … competition, provided that the demand curve isappropriately defined. Under less than perfect competition, the indirect effect can … competition it can be smaller, identical or larger, depending on the details ofthe model specification and on the possibility of …

question how to measure such indirect effects correctly under conditions of perfect and imperfect competition. Conventional CBA … competition, provided that the demand curve is appropriately defined. Under less than perfect competition, the indirect effect can … competition it can be smaller, identical or larger, depending on the details of the model specification and on the possibility of …

faces competition from a slower but betteraccessible transport mode. To access the fast transport network individuals haveto … presence of competition the profit-maximizingand socially optimal decision would be to cluster the two stations. Bycontrast, in … the absence of competition both a profit-maximizing firm and a socialplanner would locate the two stations on opposite …

We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …