Issue 3

September 1999

Heredity or Environment: Why is Automobile Longevity Increasing?

Over the past 25 years the longevity of automobiles has increased dramatically.

Monopoly in the UK: What determines whether the MMC finds against the investigated firms?

This paper draws on data from 73 UK Monopolies and Mergers Commission reports on monopoly between 1973 and 1995.

An Empirical Analysis of the Potential for Market Power in California’s Electricity Industry

Using historical cost data, we simulate the California electricity market after deregulation as a static Cournot market with a competitive fringe.

Modelling Price Dispersion as an Outcome of Competition in the Irish Grocery Market

The paper empirically models price dispersion between related brands within product categories of the Irish Independent Grocery market.

Technology Choice and Market Structure: strategic aspects of flexible manufacturing

This paper shows that the adoption of flexible manufacturing techniques by firms leads to a tougher price regime. However, consumers may not benefit since the tougher regime deters entry.