Private insurance markets provide insufficient coverage for risks coming from natural disasters. We argue that in such markets the typical market failure is mainly due to reasons other than asymmetric information. More specifically, the low probability of a disaster, together with the height of...

Anti-trust problems affecting markets for intermediate goods or services raise the input costs of firms operating in downstream sectors, which often face tough international competition. Such firms lose market share, thus worsening the economic performance of the country. We try to document the...

Antitrust problems affecting markets for intermediate goods or services raise the input costs of firms operating in the downstream sectors, which often face tough international competition. Such firms lose market shares, thus worsening the economic performance of the country. We try to document...