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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 sector. If the firm conducts its activities in the two markets jointly, it enjoys economies of scope whose size is the firm’s private information, unknown either to the...

Persistent link: https://www.econbiz.de/10005008048

A Simple Theory of Predation

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

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

Exclusive Dealing: The Interaction between Foreclosure and Investment Promotion

Fumagalli, Chiara; Motta, Massimo; Rønde, Thomas - Fondazione ENI Enrico Mattei (FEEM) - 2009

very reason why a contract that forecloses a more efficient supplier is signed. Absent the effect on investment, the … contract would not be signed and foreclosure would not be a concern. For this reason, considering potential foreclosure and …

Persistent link: https://www.econbiz.de/10008489593

Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe

Nicolini, Marcella; Boitani, Andrea; Scarpa, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2010

This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European...

Persistent link: https://www.econbiz.de/10008489583

Civil Liability, Safety and Nuclear Parks: Is Concentrated Management Better?

Mondello, Gérard - Fondazione ENI Enrico Mattei (FEEM) - 2011

Ultra-hazardous risky activities as nuclear industry cannot be considered as “normal industries” i.e. industries without abnormal environmental and health risks. Consequently, the industrial organization of these specific sectors is of the utmost importance. This paper aims at studying this...

Persistent link: https://www.econbiz.de/10009002693

Energy Regulation, Roll Call Votes and Regional Resources: Evidence from Russia

Grigoriadis, Theocharis N.; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper investigates the relative impact of regional energy production on the legislative choices of Russian Duma deputies on energy regulation between 1994 and 2003. We apply Poole’s optimal classification method of roll call votes using an ordered probit model to explain energy law reform...

Persistent link: https://www.econbiz.de/10005570258

North / South Contractual Design through the REDD+ Scheme

Chiroleu-Assouline, Mireille; Poudou, Jean-Christophe; … - Fondazione ENI Enrico Mattei (FEEM) - 2012

compare two types of contracts: a deforestation performance-based contract and a conditional avoided deforestation …-based contract. Because of the implementation and transaction costs, each kind of REDD+ contract implies a dramatically different … information rent/efficiency trade-off. If the contract is performance-based (resp. conditionality-based), information rents are …

Persistent link: https://www.econbiz.de/10010603765

Article 82 EC – The Problems and The Solution

Lang, John Temple - Fondazione ENI Enrico Mattei (FEEM) - 2009

The Commission's Guidance paper on exclusionary abuse under Article 82 EC is open to three fundamental criticisms. First, it leads to less legal certainty, because the rules suggested are vague and imprecise, because dominant companies will not have the information needed to apply them, and...

Persistent link: https://www.econbiz.de/10004987228