This paper analyses welfare gains in the piped water industry when introducing competition or trade between local utilities. The connection of neighbouring networks can be used for both, voluntary cross border trade and product market competition by common carriage. Using a game theoretic model...

Kosteneinsparungen einerseits und die Erlangung von Marktmacht andererseits sind die beiden zentralen Motive für Unternehmenszusammenschlüsse und -separationen. In der Praxis dürften sowohl die Existenz als auch das Ausmaß der beiden Effekte nur sehr schwer festzustellen sein. Bei genauerem...

The periodical re-auction of a water monopoly concession causes the danger of underinvestment. If the life-time of specific assets such as water pipes exceeds the contract length and transferring the ownership of assets is difficult, the incumbent franchisee faces a hold-up problem. Using a...

Since the middle ages celibacy is a necessary commitment when considering becoming a priest in the Roman Catholic Church. In the ongoing discussions about reforms, a wide range of church members ask for the abolishment of celibacy in order to meet believers? changed social and moral standards...

This paper presents an attempt to create competition in the water market by means of direct competition. We argue that the usual liberalisation device, competition for the market by franchise bidding, is problematic due to the particular features of the water industry. Our approach proposes the...

Since the Middle Ages, celibacy has been a requirement for those becoming priests in the Roman Catholic Church. In the ongoing discussions about reforms, a wide range of church members have asked for the abolishment of the celibacy requirement in order to meet the changed social and moral...

This paper presents an attempt to create competition in the water market by means of direct competition. We argue that the usual liberalisation device, competition for the market by franchise bidding, is problematic due to the particular features of the water industry. Our approach proposes the...