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Some European regulators have decided to force competition in their nationalmarkets. They have decided to go beyond the second directive and apply asymmetric regulation. Gas release programs and market shares constraints are the two asymmetric decisions imposed to incumbents. When a regulator...
Persistent link: https://www.econbiz.de/10008790726
In this paper, we propose to analyze optimal nonlinear pricing when a firm offers in a bundle a commodity and a contingent service. The paper studies a mechanism design where all private information can be captured in a single scalar variable in a monopoly context. We show that to propose the...
Persistent link: https://www.econbiz.de/10010899137
In the light of the economically rational expectation theory, this article shows how an expert chooses an optimal oil …
Persistent link: https://www.econbiz.de/10008789498
technology, and hence the theory of long-term technological change. Our conclusions emphasise the confusion that the New Economy …
Persistent link: https://www.econbiz.de/10008793473
artificial purchasing power into the economic system. According to Keynes and Post Keynesians 'true inflation' develops when the … terms of a trade-off between inflation and higher unemployment. Some general policy principles are suggested to relieve the …
Persistent link: https://www.econbiz.de/10008793906
central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …
Persistent link: https://www.econbiz.de/10008793951
seigniorage. Building on a simple theoretical model where governments target inflation and aim at reducing deforestation while …
Persistent link: https://www.econbiz.de/10008794033
, taking account of some features of the national environment (infrastructure, inflation, and financial deepening). The … negative effect of international price instability on aggregate agricultural supply. Moreover, they show that high inflation …
Persistent link: https://www.econbiz.de/10008835397
'oubli, publications en théorie comptable financière pour cerner les risques financiers, étude des coûts pour limiter les risques de … production, prise en compte de l'inflation pour assumer les risques monétaires, création du plan comptable pour réguler l …
Persistent link: https://www.econbiz.de/10008923077
Mécanisme de l'effet Lohmann-Rüchti en période d'inflation.L'amortissement permet-il le maintien du capital industriel ? …
Persistent link: https://www.econbiz.de/10008789306