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the implementation of different regulatory mechanisms (cost plus vs. incentive regulation) and to firm ownership (state vs … to incentive regulation smooth their dividends less than firms subject to cost-based regulation and present higher impact … following the adoption of incentive regulation, they adopt a dividend policy more responsive to earnings variability and more …
Persistent link: https://www.econbiz.de/10010705942
Self-regulatory organizations (SROs) can be found in education, healthcare, and other not-for-profit sectors as well as in the accounting, financial, and legal professions. DeMarzo et al. (2005) show theoretically that SROs can create monopoly market power for their affiliated agents, but that...
Persistent link: https://www.econbiz.de/10011099939
for the sake of regulation'. Today's evolution of the EU cannot allow Authorities over-passing the Treaty competence. Nor …
Persistent link: https://www.econbiz.de/10008622073
powers is to address the trade-impeding effects of differences in national regulation. Past experience demonstrates there are …
Persistent link: https://www.econbiz.de/10011099931
powers is to address the trade-impeding effects of differences in national regulation. Past experience demonstrates there are …
Persistent link: https://www.econbiz.de/10011100510
This paper discusses the relevant cost standard for the economic replicability test for Next-Generation Access (NGA) networks, described in the Recommendation on Costing and Non-discrimination adopted by the European Commission. According to the Recommendation itself, in order to reconcile...
Persistent link: https://www.econbiz.de/10010814452
This paper discusses the relevant cost standard for the economic replicability test for Next-Generation Access (NGA) networks, described in the Recommendation on Costing and Non-discrimination adopted by the European Commission. According to the Recommendation itself, in order to reconcile...
Persistent link: https://www.econbiz.de/10010857557
Onshore, generators are connected to the transmission grid by TSOs. This regulatory model could simply be extended to offshore (i.e. Germany), but the connection of offshore wind farms to shore is also an opportunity to test alternatives, i.e. the third party model (i.e. the UK) or the generator...
Persistent link: https://www.econbiz.de/10010857576
European regulation of the media is influenced by the economic regulation of networks, contents, and e-commerce, to … which it is very close. However, media regulation has one peculiar differentiating characteristic: it cannot concentrate … only on market competition, as the rest of modern economic regulation does, but has to pursue other fundamental values. In …
Persistent link: https://www.econbiz.de/10010743541
For many years, electronic communications has been one of the most important areas of policy intervention for the European Union. Liberalisation and privatisation of the telecommunications industry were very important topics of the policy debate in the two decades from 1990 to 2010. In these...
Persistent link: https://www.econbiz.de/10010748030