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The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...
Persistent link: https://www.econbiz.de/10010765457
exclusive rights of use over information and on the self-regulation of on-line communities. Through a decentralized system of …
Persistent link: https://www.econbiz.de/10010765455
Antitrust authorities have set up leniency programs for cartel members that denounce their collusive agreements. These …
Persistent link: https://www.econbiz.de/10010790029
from others, and because they seek to influence the industry regulation. Properly organized fora establish an open …
Persistent link: https://www.econbiz.de/10010723175
Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....
Persistent link: https://www.econbiz.de/10010706828
assumptions on the way regulation is conducted. …
Persistent link: https://www.econbiz.de/10010707050
experience. We analyze the role of take-or-pay clauses and price indexation rules, questioning whether regulation distorts …
Persistent link: https://www.econbiz.de/10010707189
Persistent link: https://www.econbiz.de/10010707527
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads. Both theorists argued that inland waterways—as opposed to railroads—could be vertically unbundled, a point which previous authors who compared their views failed to point out....
Persistent link: https://www.econbiz.de/10011073245
The regulation of network industries has been profoundly transformed in the past twenty years. First, the “object of … regulation” is no longer the same. Network industries have been opened to new dynamics, which have overwhelmed their industrial … symptoms and causes of the crisis facing traditional representative democracy. In this chapter, we suggest that the regulation …
Persistent link: https://www.econbiz.de/10011073302