Showing 1 - 10 of 28
In this paper, we discuss how fraud losses impact the price structure chosen by a monopolistic payment platform, if merchants can invest in fraud detection technologies. We show that liability rules bias the structure of the prices charged by the platform to consumers and merchants with respect...
Persistent link: https://www.econbiz.de/10011072810
This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition decreases the downstream industry profit, but improves the...
Persistent link: https://www.econbiz.de/10010707301
This article critically examines the EU ETS intertemporal market during its Phase I (2005-2007). We test the Hotelling rule as a key element of a competitive equilibrium to validate whether allowance prices rise at the same rate as the interest rate. Including readily observable characteristics...
Persistent link: https://www.econbiz.de/10011124182
Social planners in most western countries will be facing two long-lasting challenges in the next years: energy transition and fiscal consolidation. One problem is that governments might consider that implementing an energy transition could get i n the way of achieving a fiscal consolidation. If...
Persistent link: https://www.econbiz.de/10010735774
The demographic structure of a country influences economic activity. The "second dividend" modifies growth. Accordingly, in general equilibrium, the second dividend and the demographic structure are interrelated. This paper aims at assessing empirically the "second dividend" in a dynamic,...
Persistent link: https://www.econbiz.de/10010764091
A rising share of renewables in the energy mix push es up the average price of energy - and so does a carbon tax. However the former bolsters the accumulation of capital whereas the latter, if fully recycled, does not. Thus, in general equilibrium, the effects on growth and intertemporal welfare...
Persistent link: https://www.econbiz.de/10010775071
We study the impact of competition and environmental policy (feed-in tariff vs. the EU ETS) on investment, CO2 emissions and welfare in an electricity sector. We consider different market structures (a planner who maximises social welfare vs. duopoly) and two types of consumers (those whose...
Persistent link: https://www.econbiz.de/10011072106
Persistent link: https://www.econbiz.de/10011072582
Cet ouvrage se veut une contribution au débat français autour des questions environnementales et économiques soulevées par les problématiques énergétiques : gaz de schiste, place du nucléaire, efficacité du système énergétique et précarité des usagers. Les auteurs expliquent que...
Persistent link: https://www.econbiz.de/10011073249
The delegation of management of the service of water in rural areas is characterized by a contractual relation between an authority principal and an administrator delegated for the delivery of the service. As the State sets up an action plan to generalize this model, this paper shows that all...
Persistent link: https://www.econbiz.de/10010707022