Similar Search Results

Calzolari, Giacomo; Scarpa, Carlo - C.E.P.R. Discussion Papers - 2007

We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …

Persistent link: https://www.econbiz.de/10005124135

Democracy and Reforms

Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009

We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand, authoritarian regimes do not have to worry as much about...

Persistent link: https://www.econbiz.de/10005124381

Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel

Kugler, Adriana D.; Sauer, Robert M - C.E.P.R. Discussion Papers - 2003

Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

Persistent link: https://www.econbiz.de/10005136637

Price Squeezes in a Regulatory Environment

Bouckaert, Jan; Verboven, Frank - C.E.P.R. Discussion Papers - 2003

practitioners and economists, taking the existing regulatory environment as fixed. Based on the degree of existing regulation (full …

Persistent link: https://www.econbiz.de/10005497999

Third Party Monitoring and Golden Parachutes

Iossa, Elisabetta; Legros, Patrick - C.E.P.R. Discussion Papers - 2001

When today’s actions can affect tomorrow's value of an asset and when the principal does not have access to hard information, either about productive activity or monitoring activity, two incentive problems must be simultaneously solved: first, the ‘ex-ante’ moral hazard problem of inducing...

Persistent link: https://www.econbiz.de/10005504381

Footloose Monopolies: Regulating a "National Champion"

Calzolari, Giacomo; Scarpa, Carlo - C.E.P.R. Discussion Papers - 2007

We analyze the design of optimal regulation of a domestic monopolist that also competes in an unregulated foreign … market. We show how foreign activities by the regulated firm affect domestic regulation, consumers’ surplus and firm …

Persistent link: https://www.econbiz.de/10005504706

Corruption And The Provision Of Public Output In A Hierarchical Asymmetric Information Relationship

Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2005

This paper develops a hierarchical principal-agent model to explore the influence of corruption, bribery, and politically provided oversight of production on the efficiency and level of output of some publicly provided good. Under full information, an honest politician acheives the first best...

Persistent link: https://www.econbiz.de/10005422694

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

Persistent link: https://www.econbiz.de/10005067470

Competition, Regulation and Managerial Incentives

De Fraja, Gianni; Iossa, Elisabetta - C.E.P.R. Discussion Papers - 1994

This paper examines the effects of a competitive fringe on a regulated firm. Using Hart's (1983) model, we show that competition weakens the managerial incentives for cost reduction: when there is correlation between the cost levels of the firms in the industry, costs are higher in the regulated...

Persistent link: https://www.econbiz.de/10005067523

Subadditivity Tests for Network Separation with an Application to US Railroads

Ivaldi, Marc; McCullough, Gerard - C.E.P.R. Discussion Papers - 2004

zero output values without losing its flexibility properties. The tests shed light on the respective roles of regulation …

Persistent link: https://www.econbiz.de/10005067525