Then there is the hype question. Since Chat GPT set off the AI gold rush in late 2022, Nvidia has been the ultimate “picks ...

CLAIMING it is a shakedown by politicians and that it is politically stupid, my American colleague in his two-part hysterical ...

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In fact, firms often face major problems in integrating new technologies. In some cases, firms have to (temporarily) produce at levels substantially below capacity upon adoption. We call such ...

Will an industry with no antitrust policy converge to monopoly, competition, or somewhere in between? We analyze this question using a dynamic dominant firm model with rational agents, endogenous ...

Away from the cocktail of high and unpredictable tax regimes, regulatory hurdles and poor infrastructure blamed for making Kenya bad for business, a few private sector players have had a hand in ...

If it happens that the most efficient producer operating at his most economic scale can supply the entire market, competition concentrates production in the hands of one firm. This the textbooks call ...