Showing 1 - 10 of 126
The observed two-part tariff price structure (consisting of a lump-sum price and a linear marginal price) for drinking water in Germany does not reflect the cost structure reported in the literature. Recovering marginal costs from a sample of 251 German counties, we see that there are positive...
Persistent link: https://www.econbiz.de/10011259053
This paper derives conditions under which reputation enables certifiers to resist capture. These conditions alone have strong implications for the industrial organization of certification markets: 1) Honest certification requires high prices that may even exceed the static monopoly price. 2)...
Persistent link: https://www.econbiz.de/10005785822
We prove that a natural monopoly can set subsidy free pricing and sustainable pricing schedules in general economic environment. The setting is a multiproduct and multiple agent contestable market where demands are elastic and where rivals can enter the sub-markets composed by a set of the...
Persistent link: https://www.econbiz.de/10005836478
In the last decade, the private sector has increased its role in the highways sector both through the construction and management of new assets. Private sector involvement, often justified by the need to ease public expenditure, allows a reduction in public participation for new investments. The...
Persistent link: https://www.econbiz.de/10008855568
The Japanese government initiated a series of regulatory reforms in the mid-1990s. The Japanese urban gas industry consists of various sized private and non-private firms. Numerous previous studies find that deregulation leads to productivity improvements. We extend the literature by analyzing...
Persistent link: https://www.econbiz.de/10011260684
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and...
Persistent link: https://www.econbiz.de/10005621877
In this paper we study international asset pricing models and pricing of global and local sources of risk in the Russian stock market using weekly data from 1999 to 2006. In our empirical specification, we utilize and extend the multivariate GARCH-M framework of De Santis and Gérard (1998), by...
Persistent link: https://www.econbiz.de/10011107724
Economic relations between Bulgaria and Russia in modern history are influenced by many factors, among which the most … the two countries. The paper then analyses the existing legal basis of the economic relations between Bulgaria and Russia …, outlining its main deficits, as well as the prospects for its future development related to Bulgaria‘s EU membership and Russia …
Persistent link: https://www.econbiz.de/10011108850
Симеон Сергеевич Демостенов е дългогодишен професор по политическа икономия в Софийския университет в периода между двете световни войни и може би най–...
Persistent link: https://www.econbiz.de/10011108963
A collection of the papers and digests on the issues related to regional economic and political integration, primarily in the post-Soviet space. An annual publication of the Eurasian Development Bank edited by Evgeny Vinokurov, director of EDB Centre for Integration Studies.
Persistent link: https://www.econbiz.de/10011109008