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Institutional rules ranging form the market microstructure over their realization by the means of information technology to the pricing affect the strategic behavior of
Thus, in the case of more than one producer, we have under the proposed mechanism a competitive situation even in the deep disequilibrium case, which makes it much easier for
It was the president’s intention on the one hand to take into account the interests of Novatek and Rosneft, and on the other hand to protect Gazprom which, despite its weakening
Instead of concentrating efforts of post-conflict reconstruction primarily on state institutions and the recreation of a state monopoly of force, a model of a legitimate
It is proposed here that the concept of global governance and the establishment and enforcement of international norms require a public monopoly of force at all levels of gov-
In his words “the existence of an opportunity to obtain monopoly profits will attract resources into efforts to obtain monopolies, and the opportunity costs of those resources
Calibrating the model and simulating the transition dynamics, we …nd that strengthening the e¤ect of blocking patents sti‡es vertical innovation and decreases economic growth
Calibrating the model and simulating transition dynamics, we …nd that strengthening the e¤ect of blocking patents sti‡es vertical innovation and decreases economic growth but