We analyse how the presence of trade unions affects the pattern of mergers in an international oligopoly and the welfare implications thereof. We find that wages for the merger participants are always lower when they ...

The present paper analyses policy competition for foreign direct investment between a larger and industrially more developed country and a smaller and industrially less developed country. We demonstrate how policy ...

We analyse the optimal level of political decision making, national or regional. The benefit of policy making at the regional level is that it allows for policy differentiation, which serves the interests of regional ...

The diffusion of information and communication technology has reduced cost of information substantially in recent years. Even in the poorest countries in the world, the share of the population with access to telecommunications ...