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Eliciting the Demand for Long Term Care Coverage: A Discrete Choice Modelling Analysis

Brau, Rinaldo; Bruni, Matteo Lippi - Fondazione ENI Enrico Mattei (FEEM) - 2006

We evaluate the demand for long term care (LTC) insurance prospects in a stated preference context, by means of the results of a choice experiment carried out on a representative sample of the Emilia-Romagna population. Choice modelling techniques have not been used yet for studying the demand...

Persistent link: https://www.econbiz.de/10005385377

Capital Structure and Regulation: Does Ownership Matter?

Cambini, Carlo; Bortolotti, Bernardo; Rondi, Laura; … - Fondazione ENI Enrico Mattei (FEEM) - 2007

and how this interaction is affected by ownership structure. We show that firms in our sample increase their leverage … that the leverage of these firms has a positive and significant effect on regulated prices, but not vice versa, and it also … privately-controlled firms use leverage strategically to shield themselves against regulatory opportunism. …

Persistent link: https://www.econbiz.de/10005423078

Introducing Imperfect Competition in CGE Models: Technical Aspects and Implications

Roson, Roberto - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper considers the technical aspects and the consequences, in terms of simulation results and policy assessment, of introducing imperfect competition in a CGE model. The modifications to the standard CGE framework needed to model imperfect competition in some industries are briefly...

Persistent link: https://www.econbiz.de/10005423158

Climate Change, Energy Demand and Market Power in a General Equilibrium Model of the World Economy

Roson, Roberto; Bosello, Francesco; Cian, Enrica De - Fondazione ENI Enrico Mattei (FEEM) - 2007

Future energy demand will be affected by changes in prices and income, but also by other factors, like temperature levels. This paper draws upon an econometric study, disentangling the contribution of temperature in the determination of the annual regional demand for energy goods. Combining...

Persistent link: https://www.econbiz.de/10005392560

Marginal Cost Versus Average Cost Pricing with Climatic Shocks in Senegal: A Dynamic Computable General Equilibrium Model Applied to Water

Briand, Anne - Fondazione ENI Enrico Mattei (FEEM) - 2006

The model simulates on a 20-year horizon, a first phase of increase in the water resource availability taking into account the supply policies by the Senegalese government and a second phase with hydrologic deficits due to demand evolution (demographic growth). The results show that marginal...

Persistent link: https://www.econbiz.de/10005570250

Investment in Hospital Care Technology under Different Purchasing Rules: A Real Option Approach

Moretto, Michele; Levaggi, Rosella - Fondazione ENI Enrico Mattei (FEEM) - 2004

In this article, we analyse the optimal investment decision in a new health care technology of a representative hospital that maximises its surplus in an uncertain environment. The new technology allows the hospital to increase the quality level of the care provided, but the investment is...

Persistent link: https://www.econbiz.de/10005423171

Quality and Investment Decisions in Hospital Care when Physicians are Devoted Workers

Moretto, Michele; Levaggi, Rosella; Rebba, Vincenzo - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper analyses the decision to invest in quality by a hospital in an environment where doctors are devoted workers, i.e. they care for specific aspects of the output they produce. We assume that quality is the result of both an investment in new technology and the effort of the medical...

Persistent link: https://www.econbiz.de/10005570255

Properties of a Non-Competitive Electricity Market Dominated by Hydroelectric Power

Hoel, Michael; Førsund, Finn R. - Fondazione ENI Enrico Mattei (FEEM) - 2004

An important conclusion from the literature on hydropower is that if there are no other constraints than the available water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is characterized by the (present value) price being constant through...

Persistent link: https://www.econbiz.de/10005385330

Price Competition with Information Disparities in a Vertically Differentiated Duopoly

Cavaliere, Alberto - Fondazione ENI Enrico Mattei (FEEM) - 2004

In this paper we extend the model of vertical product differentiation to also consider information disparities about the extent of quality differences. Equilibrium prices turn out to depend not only on the share of informed consumers but also on uninformed consumers beliefs about quality...

Persistent link: https://www.econbiz.de/10005385350

Cartel Sustainability and Cartel Stability

Escrihuela-Villar, Marc - Fondazione ENI Enrico Mattei (FEEM) - 2004

The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this result on the incentives of firms to participate in a cartel....

Persistent link: https://www.econbiz.de/10005385360