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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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Price-Capping Regulation as a Protectionist Strategy in Developing Countries
Lawrence, Peter; Mukherjee, Arijit - EconWPA - 2002
In developing countries undergoing liberalising economic reforms, there are typically local incumbents facing the loss of protection. Strategic lobbying by such firms for a price-capping regulatory regime is, under certain conditions, one way in which they can deter entry by competitors who are...
Persistent link: https://www.econbiz.de/10005561376
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Size and Efficiency in African Manufacturing Firms:Evidence from Firm-Level Panel Data
Söderbom, Måns; Teal, Francis - EconWPA - 2004
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10005118707
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The contribution of business services to aggregate productivity growth
Kox, Henk L.M. - EconWPA - 2004
industry in most cases, however, has displayed stagnating productivity growth, in some periods even a fall in productivity …. Does this fast-growing industry with a bad productivity record present a threat to aggregate productivity growth and, hence … its own stagnating productivity growth. Moreover, the industry has not yet exhausted opportunities for tackling existing X …
Persistent link: https://www.econbiz.de/10005412877
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Power Law Signature in Indonesian Population
Mulianta, Ivan; Situngkir, Hokky; Surya, Yohanes - EconWPA - 2004
The paper analyzes the spreading of population in Indonesia. The spreading of population in Indonesia is clustered in two regional terms, i.e.: kabupaten and kotamadya. It is interestingly found that the rank in all kabupaten respect to the population does not have fat tail properties, while in...
Persistent link: https://www.econbiz.de/10005125726
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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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Why the Japanese Taxpayer Always Loses
Ramseyer, J. Mark; Rasmusen, Eric - EconWPA - 1999
The tax office wins most cases in Japan. We think about why this might be. We find that although judges who rule in favor of the taxpayer do not suffer in their future careers, if the loser-- whether governemnt or taxpayer--appeals and wins, the reversed judge's career does take a turn for the...
Persistent link: https://www.econbiz.de/10005076631
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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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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 Chadwick proposed competition "for the field", i.e....
Persistent link: https://www.econbiz.de/10005076645
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The Value of Online Information Privacy: An Empirical Investigation
Hann, Il-Horn; Hui, Kai-Lung; Lee, Tom S.; Png, I.P.L. - EconWPA - 2003
Concern over online information privacy is widespread and rising. However, prior research is silent about the value of information privacy in the presence of potential benefits from sharing personally identifiable information. We analyzed individuals' trade-offs between the benefits and costs of...
Persistent link: https://www.econbiz.de/10005076866