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Crawford, Gregory S - C.E.P.R. Discussion Papers - 2013

television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation …

Persistent link: https://www.econbiz.de/10011084592

Economic Reform in Europe: Integrating and Liberalizing the Market for Services

Newbery, David M G - C.E.P.R. Discussion Papers - 2002

and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper … risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …

Persistent link: https://www.econbiz.de/10005661538

Do Vertical Mergers Facilitate Upstream Collusion?

Nocke, Volker; White, Lucy - C.E.P.R. Discussion Papers - 2004

In this Paper we investigate the impact of vertical mergers on upstream firms’ ability to sustain collusion. We show in a number of models that the net effect of vertical integration is to facilitate collusion. Several effects arise. When upstream offers are secret, vertical mergers facilitate...

Persistent link: https://www.econbiz.de/10005791331

Competition and Entry in Banking: Implications for Stability and Capital Regulation

Boot, Arnoud W A; Marinc, Matej - C.E.P.R. Discussion Papers - 2006

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …

Persistent link: https://www.econbiz.de/10005666421

Intermediation in Innovation

Hoppe, Heidrun C.; Ozdenoren, Emre - C.E.P.R. Discussion Papers - 2005

The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to...

Persistent link: https://www.econbiz.de/10005498006

Growth Effects of Non-Proprietary Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that...

Persistent link: https://www.econbiz.de/10005662038

Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?

Immordino, Giovanni; Pagano, Marco; Polo, Michele - C.E.P.R. Discussion Papers - 2009

a lenient authorization regime, and finally to a strict one. In contrast, absent innovative activity, regulation should … rely only on authorizations, and laissez-faire is never optimal. Therefore, in innovative industries regulation should be …

Persistent link: https://www.econbiz.de/10005000438

Strategic Supply Function Competition with Private Information

Vives, Xavier - C.E.P.R. Discussion Papers - 2008

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...

Persistent link: https://www.econbiz.de/10005789071

Entry in Telecommunication: Customer Loyalty, Price Sensitivity and Access Prices

Lommerud, Kjell Erik; Sørgard, Lars - C.E.P.R. Discussion Papers - 2002

The purpose of this article is to investigate the prospects for entry into an existing network in the telecommunication industry, and how public policy may promote a more competitive outcome. We apply a model that captures the fact that the incumbent has an installed base of loyal consumers,...

Persistent link: https://www.econbiz.de/10005792516

Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10009367427