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Free-Agency and the Competitiveness of Major-League Baseball
II, Craig A. Depken - EconWPA - 1996
I investigate whether the removal of the reserve clause in professional baseball has affected the competitive nature of the industry in the context of whether teams are actively attempting to monopolize in high- valued inputs. It is possible that a very few teams could purchase all of the best...
Persistent link: https://www.econbiz.de/10005076910
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Railway regulation in 19th Century Britain: the economic rationale and legacy of Gladstone and Chadwick
Bailey, Mark F. - EconWPA - 2003
This paper examines the economic rationale of the ideas of Gladstone & Chadwick on railway regulation and the legacy of … their ideas. In 1844 Gladstone proposed and implemented what we would now call price and quantity regulation whereas in 1859 … today; the basic pattern of price and some quantity regulation inaugurated by Gladstone was not abolished until the 1960 …
Persistent link: https://www.econbiz.de/10005076645
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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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Where Have All the Minutes Gone? Asymmetric Telecom Liberalization, Carrier Alliances, and Gaming of International Settlements
Schwartz, Marius; Malueg, David - EconWPA - 1998
Inflated retail prices and termination rates for international telecommunications have spawned traffic re-routing practices, including call turnaround (e.g., callback) and re-origination via third countries. The US and other liberalized countries that allow telecom competition favor such...
Persistent link: https://www.econbiz.de/10005134403
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Contesting Contestability and the Efficiency of Wages
Burke, Andrew E.; To, Theodore - EconWPA - 1997
The fundamental contribution of the paper is to contest the view that greater market contestability has non-negative effects on market performance. In a model where employees pose a threat of potential entry, we demonstrate that a reduction in barriers to entry causes no fall in industry price...
Persistent link: https://www.econbiz.de/10005134503
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Designing Electricity Auctions
Fabra, Natalia; Fehr, Nils-Henrik von der; Harbord, David - EconWPA - 2002
Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions. We find that uniform auctions result in higher average...
Persistent link: https://www.econbiz.de/10005135073
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The Uneasy Case for the Flat Tax
Buckley, Francis; Rasmusen, Eric - EconWPA - 1999
There is a secret paradox at the heart of social contract theories. Such theories assume that, because personal security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence. But what is to prevent Leviathan from turning on his...
Persistent link: https://www.econbiz.de/10005076588
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Policy Reform in Networks Infrastructure: The Case of Mexico
Tovar-Landa, Ramiro - EconWPA - 1997
This paper addresses the recent Mexico experience in the opening to competition in networks infrastructure mainly in the telecommunications sector. In spite of deregulation and privatization policies in the recent past, there are threats from regulatory failures which create obstacles in the...
Persistent link: https://www.econbiz.de/10005076639
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Understanding Regulatory Environments and their Impact on Economic Change
James, Harvey; Johnson, Derek - EconWPA - 2002
, conduct, and attribute regulation. The standard we use to evaluate the efficiency and effectiveness of regulations creating …
Persistent link: https://www.econbiz.de/10005076905
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Political renegotiation of regulatory contracts
Aubert, Cecile; Laffont, Jean- Jacques - EconWPA - 2005
Governmental contracts may be renegotiated after political changes. Current governments can anticipate this and strategically distort contracts to influence renegotiation outcomes. In this sequential common agency game, the initial contract impacts elements of the renegotiation process: outside...
Persistent link: https://www.econbiz.de/10005407570