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regulation problem in order to present yardstick competition in the context of the various ways to regulate firms or utilities …The hypothesis underlying this report is that yardstick competition might be an efficient way to regulate … competition quite extensively.Thus, this report is organised as follows:- The first chapter gives a brief overview of the …
Persistent link: https://www.econbiz.de/10008789281
payment schemes are endogenously chosen by agents. We show that the choice of the competition is negatively affected by …
Persistent link: https://www.econbiz.de/10008788967
The paper presents the differences between the design of a closed and an open team sports league. Then it compares the theoretical models of a closed league with profit maximizing clubs and an open league with win maximizing clubs. Both models are now outdated by a Nash equilibrium model which...
Persistent link: https://www.econbiz.de/10010635114
between competition as an ideal and the feasibility of competition in the railroad sector; this distinction is implicit in … Dupuit's work, but it helps us to grasp that, in his opinion, unlimited competition is not possible in the railroads and that …
Persistent link: https://www.econbiz.de/10010575558
, all cotton sector stakeholders do recognize that there is a big issue of excessive competition from a great number of … nevertheless will remain a short term one if no regulation is provided to prevent the market development from excessive and unfair … competition. The case analysed is a good illustration of the shortfalls of unregulated competition. It is however ineffective to …
Persistent link: https://www.econbiz.de/10008791670
participants are low enough. This paper argues that existing theory does not support limiting the exemption to low market shares …
Persistent link: https://www.econbiz.de/10008791808
demanding to implement, these various tools are: a- cost plus, b- price/revenue cap, c- output or performance-based regulation …, d- menu of contracts and e- yardstick competition. Second, the regulators also have to take into account that the … implement. Lastly, conclusions for the regulation of networks are derived. A workable regulation of network relies on a …
Persistent link: https://www.econbiz.de/10010898485
Network regulation is playing an active role in a context of restructuring energy systems for long term transition to a … smart grid. Regulation of network companies' activities should consider both cost efficiency objectives and other objectives … such as quality and network innovation. It is in this context that incentive regulation tools are discussed and assessed in …
Persistent link: https://www.econbiz.de/10010899413
governments placed higher or lower. This paper is concerned with horizontal competition only. It discusses both competition based … on the mobility of agents and competition based on comparisons of performance across jurisdictions - i.e., yardstick … competition. With regard to the first kind, the focus is on the capacity of governments and voters to decide policies in spite of …
Persistent link: https://www.econbiz.de/10010821331
, investments and regulation, changes have occurred in technology, demand and economical analysis. In particular, economists have … proposed many regulation schemes, which lead the regulators to increase the efficiency of the firms operating on the market … regional passenger traffic will remain operated by the SNCF, in the coming years. However, we propose a regulation framework …
Persistent link: https://www.econbiz.de/10008792882