Showing 1 - 10 of 39
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10009002345
Motivated by recent policy events experienced by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets. We consider a regional...
Persistent link: https://www.econbiz.de/10008752845
Based on the modern theory of regulation, the analysis aims to characterize the effective economic regulation of the … French railway industry. The methodology consists in econometrically testing various scenarios of regulation and determining … operator (RO), SNCF, the two behavioral hypotheses of reference which we consider –absence of regulation of the rail operator …
Persistent link: https://www.econbiz.de/10008764898
A model of entrepreneurial choices in an economy with a corrupt public procurement sector is built, providing predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers. Second, firms favoured with corrupt contracts enjoy extra...
Persistent link: https://www.econbiz.de/10009002328
Persistent link: https://www.econbiz.de/10005767526
Persistent link: https://www.econbiz.de/10005635905
This paper identifies strategies to build a library consortium from a long term point of view. Contrary to the conventional wisdom to build a consortium around groups of homogenous institutions (Davis, 2002), we find that libraries with similar preferences are likely to lose from building a...
Persistent link: https://www.econbiz.de/10010968933
Persistent link: https://www.econbiz.de/10005767408
Electronic academic journal websites provide new services of text and/or data mining and linking, indispensable for efficient allocation of attention among abundant sources of scienti…c information. Fully realizing the benefi…t of these services requires interconnection among websites....
Persistent link: https://www.econbiz.de/10008492569
We consider competition among sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. We study how bundling affects competition for slots. Under independent pricing, equilibrium often does not exist and hence the outcome is often inefficient. When...
Persistent link: https://www.econbiz.de/10008492570