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How Effective Are Energy-Efficiency Incentive Programs? Evidence from Italian Homeowners

Alberini, Anna; Bigano, Andrea - Fondazione ENI Enrico Mattei (FEEM) - 2014

We evaluate incentives for residential energy upgrades in Italy using data from an original survey of Italian homeowners. In this paper, attention is restricted to heating system replacements, and to the effect of monetary and non-monetary incentives on the propensity to replace the heating...

Persistent link: https://www.econbiz.de/10011162064

Multidimensional Mechanism Design: Revenue Maximization and the Multiple-Good Monopoly

Manelli, Alejandro M.; Vincent, Daniel R. - Fondazione ENI Enrico Mattei (FEEM) - 2004

The seller of N distinct objects is uncertain about the buyer’s valuation for those objects. The seller’s problem, to maximize expected revenue, consists of maximizing a linear functional over a convex set of mechanisms. A solution to the seller’s problem can always be found in an extreme...

Persistent link: https://www.econbiz.de/10008489607

On The Economic Value of Repeated Interactions Under Adverse Selection

Rocco, Lorenzo; Chillem, Ottorino - Fondazione ENI Enrico Mattei (FEEM) - 2006

The paper studies, in a repeated interaction setting, how the presence of cooperative agents in a heterogeneous community organized in groups affects efficiency and group stability. The paper expands on existing literature by assuming that each type can profitably mimic other types. It is shown...

Persistent link: https://www.econbiz.de/10005570328

Equilibrium in Scoring Auctions

Asker, John; Cantillon, Estelle - Fondazione ENI Enrico Mattei (FEEM) - 2004

This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using a quasi-linear scoring rule. Suppliers have private information about their costs, which is summarized by a multi-dimensional type. The scoring rule reduces the multidimensional...

Persistent link: https://www.econbiz.de/10005570334

Bidding for Incompete Contracts

Bajari, Patrick; Houghton, Stephanie; Tadelis, Steven - Fondazione ENI Enrico Mattei (FEEM) - 2004

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …

Persistent link: https://www.econbiz.de/10005570367

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

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

Was It Something I Ate? Implementation of the FDA Seafood HACCP Program

Alberini, Anna; Lichtenberg, Erik; Mancini, Dominic; … - Fondazione ENI Enrico Mattei (FEEM) - 2005

We use FDA’s seafood inspection records to examine: (i) how FDA has targeted its inspections under HACCP regulation …

Persistent link: https://www.econbiz.de/10005392536

The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing

Snyder, Lori; Miller, Nolan; Stavins, Robert - Fondazione ENI Enrico Mattei (FEEM) - 2003

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

Time Scale Externalities and the Management of Renewable Resources

Vardas, Giannis; Xepapadeas, Anastasios - Fondazione ENI Enrico Mattei (FEEM) - 2015

different time scales in environmental management and the potential errors in optimal regulation when time scale separation is …

Persistent link: https://www.econbiz.de/10011268608