fluctuates over time … in tight correlation with the movement of the stock market. Why? A plausible reason — explored here – is …

implications of the Northern Rock episode for the role of market discipline and, in the process, reviews two key requirements for … market discipline to work effectively: incentive structures and bank transparency. He emphasises the importance of market … discipline in giving market signals that emanate from risk monitors. In the following contribution, Eisenbeis and Kaufman give a …

, such as mobile wireless broadband. There are however many signs presently that the U.S. broadband market is showing healthy … unbundling would be harmful, and in practice will reduce incentives to enter the market and invest in infrastructure as a result … reallocated in order to spur broadband investment. In light of the lack of evidence of failure in the broadband market …

participate in only one market and no bank participates in all markets). We modify the standard models to incorporate the fact … many banks present in the sample. It shows how market shares will respond depending on the market demographics and current …

calculating welfare losses due to imperfect competition. We compare eleven empirical estimates of economic losses due to market … losses due to market power. Hence, from the perspective of antitrust enforcement, the choice of industry targets has not been …