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Implications of Stochastic Transmission Rates for Managing Pandemic Risks

Hong, Harrison - 2020

We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth but firms can mitigate damages. We estimate a...

Persistent link: https://www.econbiz.de/10012481801

Taxation by Telecommunications Regulation

Hausman, Jerry - 1997

Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary … so that all public schools and libraries in the U.S. will receive subsidized service to the Internet. The cost of the … of the higher taxation of interstate telephone services to fund the Internet access discounts. I estimate the cost to the …

Persistent link: https://www.econbiz.de/10012472551

Steering Incentives of Platforms : Evidence from the Telecommunications Industry

McManus, Brian - 2020

We study the trade-offs faced by Internet Service Providers (ISPs) that serve as platforms through which consumers … access both television and internet services. As online streaming video improves, these providers may respond by attempting … improved internet content. We augment the standard mixed bundling model to demonstrate the trade-offs the ISP faces when …

Persistent link: https://www.econbiz.de/10012481667

Irreversible Investment, Capital Costs and Productivity Growth : Implications for Telecommunications

Bernstein, Jeffrey I. - 2007

to invest in telecommunications. Results indicate that the irreversibility premium raises the opportunity cost of capital …

Persistent link: https://www.econbiz.de/10012465382

Shakeouts and Market Crashes

Barbarino, Alessandro - 2004

Stock-market crashes tend to follow run-ups in prices. These episodes look like bubbles that gradually inflate and then suddenly burst. We show that such bubbles can form in a Zeira-Rob type of model in which demand size is uncertain. Two conditions are sufficient for this to happen: A declining...

Persistent link: https://www.econbiz.de/10012468137

Assessing the Economic Gains from Telecom Competition

Clarke, Richard N. - 2004

allow CLECs to lease their local network facilities was established in the Telecommunications Act of 1996 as part of a quid …

Persistent link: https://www.econbiz.de/10012468211

Liberalization in China's Key Service Sectors Following WTO Accession : Some Scenarios and Issues of Measurement

Whalley, John - 2003

This paper documents and assesses the significance of the policy changes in China that WTO accession implies in 3 key service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in their entirety as undertaken at signature in 2002....

Persistent link: https://www.econbiz.de/10012468551