Short bio by Enrico Colombatto
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Papers by Enrico Colombatto
Springer eBooks, 2018
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Economic Dimensions in International Law, 1998
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Journal of Public Finance and Public Choice, 1987
The analysis of the efficiency aspects of market equilibrium is usually based on comparisons betw... more The analysis of the efficiency aspects of market equilibrium is usually based on comparisons between the case under consideration and perfect competition as the ideal term of reference. According to this methodology, public intervention is justified as a means to force firms exercising some control on the market to behave as in a quasi-competitive system. During the last decades, however, the advanced economies experienced that new efficiency requisites should be taken into consideration. Among other factors, the internationalization of the economic systems reduced dramatically any preoccupations for deviations from perfect competition conditions. Accordingly, it seems reasonable to modify the efficiency criteria concentrating on the existence of barriers to the entry. Only when deviations of price from marginal cost are due to such barriers should a public intervention be allowed, whilst in principle governmental interferences with the market should have a minor role.
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Edward Elgar Publishing eBooks, Jun 30, 2008
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Springer eBooks, 2019
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RePEc: Research Papers in Economics, Jun 1, 2017
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By means of a simplified three-sector static model it is shown that under a fixed-exchange rate r... more By means of a simplified three-sector static model it is shown that under a fixed-exchange rate regime an economy in transition ends up with repressed inflation, excess supply of useless goods, and (possibly) repressed foreign-trade imbalances. But if structural changes occur, and the adjustment process starts by a sharp devaluation of the nominal exchange rate, then the economy may eventually experience a fall in inflationary pressures and a marked improvement in the trade balance; especially if expectations remain favourable.
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Journal of Public Finance and Public Choice, 1985
The introductory paragraph is devoted to the outline of the role of the rational expectations (r.... more The introductory paragraph is devoted to the outline of the role of the rational expectations (r.e.) element within the Keynesian, the Monetarist and the New-Classical-Economics framework; in all such cases the closed-economy version only is taken into account.The second part of the article, on the other hand, is devoted to the analysis of an open-economy framework, where the consequences of the r.e. hypothesis are analysed in greater depth. In short, two groups of aspects are stressed: on the one hand, considerable attention is given to the importance and the analysis of the velocity of anticipation and of adjustment, both on the goods market and on the capital market; on the other, the dimensions and the frequence of the eventual distortions which arise in the neo-Keynesian and in the Monetarist cases are examined. The results yielded by the analysis carried out within both groups of aspects are then compared with the results obtained from a New-Classical viewpoint. The role of th...
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Encyclopedia of Law and Economics, 2017
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Part of the Law Commons This Article is brought to you for free and open access by the Yale Law S... more Part of the Law Commons This Article is brought to you for free and open access by the Yale Law School Faculty Scholarship at Yale Law School Legal Scholarship Repository. It has been accepted for inclusion in Faculty Scholarship Series by an authorized administrator of Yale Law School Legal Scholarship Repository. For more information, please contact
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Short bio by Enrico Colombatto
Papers by Enrico Colombatto