Showing 1 - 10 of 199
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10005774722
An important part of the literature on regulatory economics is based on the US experience, where a well-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a newly established regulator faces a government owned, or...
Persistent link: https://www.econbiz.de/10005579988
The Internet has radically transformed the way we live our lives. The net changes in consumer surplus and economic …
Persistent link: https://www.econbiz.de/10011264928
experiments were important for value creation in Internet access markets. In general, industry-wide returns from economic …
Persistent link: https://www.econbiz.de/10005830574
This paper investigates how the destabilizing of a social network may increase the scope of network externalities, using data on sales of a video-calling system made to an investment bank's employees and subsequent usage by these customers. The terrorist attacks of 2001 led potential customers...
Persistent link: https://www.econbiz.de/10009223325
Members of a patent pool agree to use a set of patents as if they were jointly owned by all members and license them as a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce litigation risks for their members and lower license fees and...
Persistent link: https://www.econbiz.de/10005025643
following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
Persistent link: https://www.econbiz.de/10011123620
Recent estimates in standard models of wage determination for both unionization and occupational licensing have shown wage effects that are similar across the two institutions. These cross-sectional estimates use specialized data sets, with small sample sizes, for the period 2006 through 2008....
Persistent link: https://www.econbiz.de/10010821983
costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …
Persistent link: https://www.econbiz.de/10005078626
. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … 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 …
Persistent link: https://www.econbiz.de/10005830439