Measuring the Speed of the Invisible Hand: The Macroeconomic Costs of Price Rigidity

Cost and Benefits of Merger Control: An Applied Game Theoretic Perspective*

“…NETHERLANDS 1998NETHERLANDS -2002 Merger control in the Netherlands was introduced in 1998 at the top of a merger wave as part of the introduction of new competition legi-slation 7 . Extensive analysis was done on the macroeconomic costs and benefits of the new competition legislation before it was introduced (see van Bergeijk et al 1993 andHaffner 1996, for background information and the economic policy context). This section seeks to quantify the costs and benefits of Dutch merger control in the years 1998-2002.…”

Endogenizing technological progress: The MESEMET Model

“…The importance of market inertia (or hysteresis) in the model is captured by the so-called product market inertia criterion (PMIC) (el. van Bergeijk et al, 1993). z The version of the model with product market inertia seems 2 By definition the PMIC lies between 0% and 100%.…”

The economic consequences of Dutch politics

“…4 This imperfection is especially relevant because the political parties essentially want to finance the reduction of the wedge at the low end of the wage scale in diametrically opposed ways. Most probably the lack of flexibility of the Dutch economy explains why the government's box of economic policy tools is less effective than expected ( Van Bergeijk et al 1993). The other parties reduce government spending in order to finance an across the board reduction of the marginal and average wedge.…”

“…See, however,Van Sinderen et al (1994) andVan Bergeijk et al (1993) for an indication of the macroeconomie effects of changes in institutions aimed at more flexibility in the Dutch context.…”