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The Supply Function Equilibrium and its Policy Implications for Wholesale Electricity Auctions

Holmberg, P.; Newbery, D. - Faculty of Economics, University of Cambridge - 2010

The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....

Persistent link: https://www.econbiz.de/10008503180

Estimating Market Power in the Internet Backbone Using Band-X data

Giovannetti, E.; Ristuccia, C.A. - Faculty of Economics, University of Cambridge - 2003

Recent industry studies found the Internet backbone industry competitive. In our paper we explore a novel route to monitor for market power using prices and quality data from Band-X. First we test the hypothesis that Europe is a connectivity market on its own, unchallenged by the US and then, by...

Persistent link: https://www.econbiz.de/10005783725

The relationship between regulation and competition policy for network utilities

Newbery, D. - Faculty of Economics, University of Cambridge - 2006

subject to normal competition laws? Britain evolved licenses for network activities overseen by regulators while the EU places … more emphasis on making sector regulation consistent with competition law. The paper discusses the appropriateness of the … competition law approach for telecoms and electricity. Post-modern utilities like telecoms, in which facilities-based competition …

Persistent link: https://www.econbiz.de/10005647440

Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about

Palma, J.G. - Faculty of Economics, University of Cambridge - 2011

This paper examines the current global scene of within-nations distributional disparities. There are three main conclusions: first, that the statistical evidence for the ‘upwards’ side of the “Inverted-U” between inequality and income per capita seems to have vanished, as many lowand...

Persistent link: https://www.econbiz.de/10009024885

Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio'...

Palma, José Gabriel - Faculty of Economics, University of Cambridge - 2014

In an article published in Development and Change in 2011, I suggested an alternative measure of inequality to the Gini - a "19th Century statistic" - which has subsequently become known as the ´Palma Ratio'. In this new article, I revisit the argument for such a measure. Using new data, I...

Persistent link: https://www.econbiz.de/10010949350

The Relationship Between Unemployment and Earnings Inequality in South Africa

Tregenna, F. - Faculty of Economics, University of Cambridge - 2009

Unemployment and earnings inequality have moved closely together in South Africa in recent years, suggesting that there may not be a trade-off between them as the literature generally suggests. This article explores the relationship between unemployment and earnings inequality in South Africa,...

Persistent link: https://www.econbiz.de/10005489355

Factor Decomposition of Sectoral Growth in South Africa, 1970-2007

Tregenna, F. - Faculty of Economics, University of Cambridge - 2009

Chenery’s factor decomposition method is used to analyse the sources of growth, by sector, in South Africa from 1970 to 2007. Using input-output data, the growth of each sector is decomposed into components associated with export growth; import substitution; growth in domestic demand; and...

Persistent link: https://www.econbiz.de/10005068279

Distributional Implications of Halving Poverty in South Africa

Tregenna, F. - Faculty of Economics, University of Cambridge - 2009

The South African government has set as a policy objective the halving of poverty by 2014, although the meaning of this goal has not yet been defined. This article frames government’s stated target of halving poverty by 2014 in terms of specific measures of the poverty gap and poverty...

Persistent link: https://www.econbiz.de/10005079001

Contracting Out of Service Activities and the Effects on Sectoral Employment Patterns in South Africa

Tregenna, F. - Faculty of Economics, University of Cambridge - 2009

This paper develops a methodology and uses household and labour survey data to analyse the extent of intersectoral outsourcing of the employment of specific labour-intensive activities in South Africa from 1997-2007. It is shown that the relatively high growth in services employment is driven by...

Persistent link: https://www.econbiz.de/10005647410

Communication and Marketing of Services by Religious Organizations in India

Iyer, S.; Velu, C.; Mumit, A. - Faculty of Economics, University of Cambridge - 2010

channels more extensively in response to information received about competitors. Additionally, intensive market competition …

Persistent link: https://www.econbiz.de/10008545812