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Competition and Industry Structure for International Rail Transportation
Friebel, Guido; Ivaldi, Marc; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2011
This paper investigates various options for the organization of the railway industry when network operators require the access to multiple national networks to provide international (freight or passenger) transport services. The EU rail system provides a framework for our analysis....
Persistent link: https://www.econbiz.de/10009207524
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Fixed-Mobile Integration
Bourreau, Marc; Cambini, Carlo; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2013
Often, fixed-line incumbents also own the largest mobile network. We consider the effect of this joint ownership on market outcomes. Our model predicts that while fixed-to-mobile call prices to the integrated mobile network are more efficient than under separation, those to rival mobile networks...
Persistent link: https://www.econbiz.de/10011083776
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Travel Demand Model with Heterogeneous Users and Endogenous Congestion: An application to optimal pricing of bus services
Batarce, Marco; Ivaldi, Marc - C.E.P.R. Discussion Papers - 2011
We formulate and estimate a structural model for travel demand, in which users have heterogeneous preferences and make their transport decisions considering the network congestion. A key component in the model is that users have incomplete information about the preferences of other users in the...
Persistent link: https://www.econbiz.de/10009493565
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A Theory of BOT Concession Contracts
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
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Investment and capital structure of partially private regulated firms
Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829
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Regulatory Sanctions and Reputational Damage in Financial Markets
Armour, John; Mayer, Colin; Polo, Andrea - C.E.P.R. Discussion Papers - 2010
We study the impact of the announcement of enforcement of financial and securities regulation by the UK’s Financial …
Persistent link: https://www.econbiz.de/10008682887
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Unbundling the incumbent: Evidence from UK broadband
Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank - C.E.P.R. Discussion Papers - 2012
technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …
Persistent link: https://www.econbiz.de/10011083592
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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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The Allocative Cost of Price Ceilings: Lessons to be Learned from the US Residential Market for Natural Gas
Davis, Lucas W; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007
federal regulation. Several studies have measured the deadweight loss from the price ceilings that were imposed during this … analysis for the regulation of other markets. Using a household-level, discrete-continuous model of natural gas demand we …-2000, effectively doubling previous estimates of the total welfare losses from natural gas regulation. We find that these allocative …
Persistent link: https://www.econbiz.de/10005791833
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Optimal Sliding Scale Regulation: An Application to Regional Electricity Distribution in England and Wales
Hawdon, David; Hunt, Lester; Levine, Paul L; Rickman, Neil - C.E.P.R. Discussion Papers - 2005
This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when efficiency and managerial effort … are not observed. We show how to operationalize this model of incentive regulation and use actual data from electricity … distribution in England and Wales to make welfare comparisons of sliding scale regulation with a price cap regime and the First …
Persistent link: https://www.econbiz.de/10005792004