Showing 1 - 10 of 47
We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction …
Persistent link: https://www.econbiz.de/10005570265
We use a hazard model to estimate the effect of environmental regulation on the diffusion of membrane cell production … technology in the chlorine manufacturing industry. We estimate the effect of regulation on both the adoption of the membrane … technology at existing plants and on the exit of existing plants using older technologies. We find that environmental regulation …
Persistent link: https://www.econbiz.de/10005392559
(with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated …. 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
The research question addressed by this paper is a simple one: are European consumers happy with the services provided by the utilities after two decades of reforms? We focus on electricity, gas, water, telephone in the EU 15 Member States. The variables we analyse are consumers’ satisfaction...
Persistent link: https://www.econbiz.de/10005423199
claim that market competition and bidding in an auction should be analyzed as part of one game, where the pricing strategies …
Persistent link: https://www.econbiz.de/10004990051
of water pollution deriving from mismanaged drilling and fracturing, absence of adequate regulation framework and …
Persistent link: https://www.econbiz.de/10010732280
higher, borrower welfare lower, and informal finance more prevalent when the rent-extraction effect prevails, consistent with …
Persistent link: https://www.econbiz.de/10004987238
In this paper we investigate crude oil and products price dynamics. We present a comparison among ten price series of crude oils and fourteen price series of petroleum products, considering four distinct market areas (Mediterranean, North Western Europe, Latin America and North America) over the...
Persistent link: https://www.econbiz.de/10005423205
The existing literature on price asymmetries does not systematically investigate the sensitivity of the empirical results to the choice of a particular econometric specification. This paper fills this gap by providing a detailed comparison of the three most popular models designed to describe...
Persistent link: https://www.econbiz.de/10005423206
In this paper we review the existing empirical literature on price asymmetries in commodities, providing a way to classify and compare different studies which are highly heterogeneous in terms of econometric models, type of asymmetries and empirical findings. Relative to the previous literature,...
Persistent link: https://www.econbiz.de/10005423246