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Assessing the Economic Gains from Telecom Competition
Clarke, Richard N. - 2004
This paper develops and simulates a dynamic model of strategic telecom competition. The goal is to understand how … regulatory policy, particularly relative to lease charges for local network elements, affects telecom competition, investment … 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
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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 …
Persistent link: https://www.econbiz.de/10012472551
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Multidimensional Private Information, Market Structure and Insurance Markets
Fang, Hanming - 2016
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...
Persistent link: https://www.econbiz.de/10012455907
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Hong Kong's Business Regulation in Transition
Wu, Changqi - 1997
control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of …
Persistent link: https://www.econbiz.de/10012472483
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q<sup>5</sup>
Hou, Kewei - 2018
In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...
Persistent link: https://www.econbiz.de/10012453011
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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10012462093
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Assessing the Anticompetitive Effects of Multiproduct Pricing
Carlton, Dennis W. - 2008
In response to the "standardless" approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty discounts like...
Persistent link: https://www.econbiz.de/10012464448
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On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices
Borenstein, Severin - 2003
The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as...
Persistent link: https://www.econbiz.de/10012468774
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Pricing Strategy and Financial Policy
Dasgupta, Sudipto - 1996
Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...
Persistent link: https://www.econbiz.de/10012473361
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Reliability and Competitive Electricity Markets
Joskow, Paul L. - 2004
Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10012468221