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This article analyzes both determinants of market structure and the intensity of price competition in the European Union (EU) banking industry. For this purpose, the first part of the article applies John Sutton�s framework for empirically measuring the relationship between market size and market concentration. Next, the analysis turns to assessing the degree of price competition by ap…
- Tahun Terbit
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Why do people violate the law? The Hobbesian outlook would be that people violate the law in the absence of appropriate punishment. John Stuart Mill would have attributed the violation to the lack of incentives to behave legally. In this paper, we combine these two factors to examine the effect of antitrust regulation on price competition. We examine the case of public drug procurement in …
- Tahun Terbit
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