The Economic and Social Review, Vol. 33, No. 1, Spring, 2002
Recent Submissions
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The impact of structural and contractual arrangements on a vertically separated railway
(Economic & Social StudiesDublin, 2002)The unbundling of railways in Britain has been heavily criticised as undermining the passenger rail system. Economic theory suggests that structural separation and short-lived contracts hinder incentives to invest in ... -
Endogenous sunk costs in the market for mobile telecommunications: the role of licence fees
(Economic & Social StudiesDublin, 2002)An oligopoly model with endogenous sunk costs illustrates the trade off between ex ante extraction of oligopoly rents and market entry of firms in the mobile telecommunications industry. Competitive bidding for radio ... -
Neither lucky nor good: the case of electricity deregulation in California
(Economic & Social StudiesDublin, 2002)We present an integrated summary of the various factors that contributed to shortages of electrical power in California in 2000. Several necessary conditions for the crisis are identified. We conclude that a sufficient ... -
Why are productivity and wages higher in foreign firms?
(Economic & Social StudiesDublin, 2002)This paper uses a panel data framework to examine whether foreign firms in the UK have higher levels of productivity and set higher wage rates than domestic ones ceteris paribus, or whether this is due to unmeasured ...