Similar Search Results

Fumagalli, Chiara; Motta, Massimo - Fondazione ENI Enrico Mattei (FEEM) - 2010

We propose a simple theory of predatory pricing, based on scale economies and sequential buyers (or markets). The entrant (or prey) needs to reach a critical scale to be successful. The incumbent (or predator) is ready to make losses on earlier buyers so as to deprive the prey of the scale it...

Persistent link: https://www.econbiz.de/10008489586

The Political Economy of Incentive Regulation: Theory and Evidence from US States

Guerriero, Carmine - Fondazione ENI Enrico Mattei (FEEM) - 2008

The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model …

Persistent link: https://www.econbiz.de/10005230900

The Causes of Corruption: Evidence from China

Dong, Bin; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2010

heterogeneity, regulation, abundance of resource and state-owned enterprises substantially breed regional corruption. Moreover …

Persistent link: https://www.econbiz.de/10008465545

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

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

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

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

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

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

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