Showing 1 - 10 of 197
This paper explores the growing involvement of new types of non- commodity-sector-related players in commodity futures markets. This includes a discussion on the role of managed funds, the impact of the use of commodity warrants, and the direct involvement of banks. The impact of this new form...
Persistent link: https://www.econbiz.de/10005077040
inefficiencies affecting negatively agents welfare, where, agents are sport teams, event promoters and sponsoring firms. By means of …
Persistent link: https://www.econbiz.de/10005561829
This paper introduces a psychological notion of categorization into economics and derives its implications for economic decision making. We show, using a tractable model of social cognition, that a decision maker in (efficiently) assigning past experiences to categories, will sort experiences of...
Persistent link: https://www.econbiz.de/10005135029
DISCUSSES THE THEORETICAL AND PRACTICAL CONCEPTS UNDERLYING RECENT DEVELOPMENTS IN THE REGULATION OF TELECOMMUNICATIONS IN … NIGERIA WITH RESPECT TO EFFICIENCY AND WELFARE. IT FOCUSES ON ANALYSING STANDARDIZATION PROBLEMS, PRICING RULES AND ENTRY …
Persistent link: https://www.econbiz.de/10005407756
of selection and intensity. The primary findings are: First, greater deregulation and competition has a positive effect … competition and level and policies for stranded cost recovery do affect spending. Second, the response of R&D to financial and … effective retail competition may mitigate the problem of declining electricity R&D by the utilities. …
Persistent link: https://www.econbiz.de/10005561429
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
competition, integrative infrastructure and basic systemic protections as over-arching principles for regulation is consistent … analyzed from this perspective. Government bond regulation is argued to necessarily depart from ordinary approaches also … discusses repo and short-selling regulation in government bond markets. The atypical market structure and the multi- agency …
Persistent link: https://www.econbiz.de/10005134902
In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition …
Persistent link: https://www.econbiz.de/10005134413
One important determinant of the speed and success of transition will be the efficiency of transformation and development of the infrastructure sectors. A great deal of attention has been paid to issues such as privatisation, restructuring, user prices, and terms of access in these sectors,...
Persistent link: https://www.econbiz.de/10005134435
This paper examines the justifications, history, and practice of regulation in the US telecommunications sector. We … the history of regulation and antitrust intervention in the telecommunications sector. After discussing the impact of … carriers), and we point to the real danger that the intent of Congress in passing the 1996 Act to promote competition in …
Persistent link: https://www.econbiz.de/10005134493