's ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets … generate an efficiency gain associated with the pooling of information. Not only may costs be reduced, the price level and …Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …

national regulatory authorities (NRAs) was whether to foster service-based competition in the first phase of liberalisation or … to focus on infrastructurebased competition. The different NRAs chose to head down different roads. This paper analyses … indicates that infrastructure-based competition has a positive effect on innovation. Moreover, infrastructure-based competition …

The relationship between technical progress and price competition is a controversial issue in economics. This paper … highlights the fact that investment in technical progress is an authentic type of competition which benefits the consumers rather … than the industry. This type of competition exists when the potential for technical progress, which can be incorporated by …

incentives are positively related to the potential for technical progress. They also depend on market structure, competition …. As a result, the maximum consumer surplus as well as welfare occurs under imperfect competition and not under perfect … competition. …

embedded advertising costs in the products or services purchased. We argue here, using Bork's own criterion - except to expand …

allows customers to switch mobile providers while retaining their phone number, thereby reducing switching costs and … potentially enhancing competition. Our analysis reveals that firms responded by increasing the share of postpaid contracts …, partially countering the exogenous reduction in switching costs with new endogenous barriers. We find that while market …