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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
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Optimal Competition: A Benchmark for Competition Policy
Boone, Jan - C.E.P.R. Discussion Papers - 2003
This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can … competition outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority … puts less weight on producer surplus and more weight on employment. The relation between competition and entry costs is U …
Persistent link: https://www.econbiz.de/10005789187
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Can Competition Replace Regulation for Small Utility Customers?
Green, Richard - C.E.P.R. Discussion Papers - 2000
Many utility markets are now being opened to competition, and some regulators have expressed the hope that this will … make the regulation of consumer prices unnecessary. In this paper, entrants offer (differentiated) 'added value', but … level of its costs. This is likely to be the case in the UK's energy industries, but competition may be able to replace …
Persistent link: https://www.econbiz.de/10005136643
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Cable Regulation in the Internet Era
Crawford, Gregory S - C.E.P.R. Discussion Papers - 2013
television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation … in cable and the more encouraging but incomplete evidence on the benefits of satellite and telco competition. It …
Persistent link: https://www.econbiz.de/10011084592
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Economic Integration and Investment Incentives in Regulated Industries
Auriol, Emmanuelle; Biancini, Sara - C.E.P.R. Discussion Papers - 2009
The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two...
Persistent link: https://www.econbiz.de/10005012490
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Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network
De Fraja, Gianni; Michetti, Emanuela; Zanchettin, Piercarlo - C.E.P.R. Discussion Papers - 2008
The paper studies the regulatory design in a industry where the regulated downstream provider of services to final consumers purchases the necessary inputs from an upstream supplier. The model is closely inspired by the UK regulatory mechanism for the railway network. Its philosophy is one of...
Persistent link: https://www.econbiz.de/10005792445
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Deep Financial Integration and Volatility
Kalemli-Ozcan, Sebnem; Sørensen, Bent E; Volosovych, Vadym - C.E.P.R. Discussion Papers - 2010
We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a very large firm-level dataset (AMADEUS) from 16 European countries, we construct a measure of ``deep'' financial integration at the regional level based on observations of...
Persistent link: https://www.econbiz.de/10008468519
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Arab Economic Integration: Missing links
Hoekman, Bernard; Sekkat, Khalid - C.E.P.R. Discussion Papers - 2010
This paper surveys the recent literature on Arab economic integration, discusses the goals and progress that has been made to date and some of the key policy, regulatory and political factors that underpin the segmentation of Arab markets. It argues that there has been an excessive focus by both...
Persistent link: https://www.econbiz.de/10008530352
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Deepening of Regional Integration and Multilateral Trade Agreements
Bond, Eric W; Syropoulos, Costas; Winters, L. Alan - C.E.P.R. Discussion Papers - 2000
We construct a three-country, two-bloc, multi-product trade model in which tariff agreements between customs union members are binding whereas inter-bloc tariff agreements are self-enforcing. Our main objective is to explore how the liberalization of trade between customs union members (i.e. the...
Persistent link: https://www.econbiz.de/10005123508
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Trade Liberalization and the Harmonization of Social Policies: Lessons from European Integration
Sapir, André - C.E.P.R. Discussion Papers - 1995
The paper analyses the debate on the relationship between trade liberalization and the harmonization of social policies in the context of European integration. It is divided into two parts. The first shows that harmonization of social policies was not imposed in the 1960s and 1970s as a...
Persistent link: https://www.econbiz.de/10005123597