We develop models of bilateral oligopoly with traffic exchanges to study the competition and regulatory policies in the international telephone markets. Under the requirement of uniform settlement rates, the proportional return rule (PRR) inflates the rates and hence neutralizes PRR's effect on...

China has made significant achievements in enforcing its 2008 Anti-Monopoly Law (AML) during the past twelve years. We review the application of economics by the China's competition law enforcers and courts in dealing with antitrust cases. We discuss selected cases to illustrate the application...

This paper explores the effects of consumption-tax and fuel-tax adjustments in the Chinese automobile industry. Applying the model and simulation method of Berry, Levinson, and Pakes (1995), we conduct a comparative static analysis of equilibrium prices and sales, fuel consumption, and social...

A concomitant of the rapid development of the automobile industry in China is the serious air pollution and carbon dioxide emission. There are various regulation instruments to reduce the air pollution from automobile sources. China government chooses a small-displacement oriented consumption...

Based on the long-run equilibrium relationships between international crude oil prices and domestic gasoline prices, we employ an asymmetric error correction model (ECM) with the seemingly unrelated regression (SUR) method, to study the price pass-through of the wholesale gasoline in 20...