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Environmental Quality in a Differentiated Duopoly
Farzin, Y. Hossein; Akao, Ken-Ichi - Fondazione ENI Enrico Mattei (FEEM) - 2006
In a duopoly industry with environmentally differentiated products, we examine the effects of introducing a mandatory environmental quality standard on firms’ environmental quality choices, profits, and the average environmental quality offered by the industry. We show that at low standard...
Persistent link: https://www.econbiz.de/10005392562
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Restructuring Italian Utility Markets: Household Distributional Effects
Valbonesi, Paola; Miniaci, Raffaele; Scarpa, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2005
Competition in public utility sectors has been encouraged in recent years throughout Europe. In this paper we try and analyse the welfare effects of these reforms in Italy, with particular attention to water and energy goods. The first step is to introduce a sensible measure of affordability of...
Persistent link: https://www.econbiz.de/10005385483
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On the Legitimacy of Coercion for the Financing of Public Goods
Bierbrauer, Felix - Fondazione ENI Enrico Mattei (FEEM) - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10008502099
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On Regulation and Competition: Pros and Cons of a Diversified Monopolist
Scarpa, Carlo; Calzolari, Giacomo - Fondazione ENI Enrico Mattei (FEEM) - 2009
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10005008048
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Investment Size and Firm’s Value Under Profit Sharing Regulation
Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2003
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm’s start-up decision relative to a pure price...
Persistent link: https://www.econbiz.de/10005423178
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Dependent Controllers and Regulation Policies: Theory and Evidence
Guerriero, Carmine - Fondazione ENI Enrico Mattei (FEEM) - 2006
This paper analyzes the effects of supervisors’ (i.e., regulators and judges) selection rules on regulated prices. A checks and balances’ regulatory review process strengthens the role of the judicial power and election increases the populism of implicitly motivated supervisors. Election...
Persistent link: https://www.econbiz.de/10005230838
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Accountability in Government and Regulatory Policies: Theory and Evidence
Guerriero, Carmine - Fondazione ENI Enrico Mattei (FEEM) - 2008
This paper analyzes the political economy of regulatory and judicial appointment rules. I study a model of price-setting by a political principal faced with a firm with unknown costs, and endowed with an information-gathering technology whose efficiency rises with the effort exerted by two...
Persistent link: https://www.econbiz.de/10005230941
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Interactions between State and Federal Climate Change Policies
Goulder, Lawrence H.; Stavins, Robert N. - Fondazione ENI Enrico Mattei (FEEM) - 2010
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA’s authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy...
Persistent link: https://www.econbiz.de/10008642159
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Do International Roaming Alliances Harm Consumers?
Bühler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2009
endogenously formed if not prevented by regulation. …
Persistent link: https://www.econbiz.de/10008502118
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Macro-economic Impact Assessment of Future Changes in European Marine Ecosystem Services
Bosello, Francesco; Delpiazzo, Elisa; Eboli, Fabio - Fondazione ENI Enrico Mattei (FEEM) - 2015
The present research has been developed within the EU FP7 VECTORS project (http://www.marine-vectors.eu/). The main scope of the project (2011-2015) has been to evaluate, from a multilateral perspective, drivers, pressures and vectors of changes in marine life of three main European seas...
Persistent link: https://www.econbiz.de/10011268599