Similar Search Results

Capacity Choices in Liberalized Electricity Markets

Castro-Rodriguez, Fidel; Uribe, Marín; Luis, Pedro; … - C.E.P.R. Discussion Papers - 2001

absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …

Persistent link: https://www.econbiz.de/10005792333

Exclusive Contracts and Market Power: Evidence from Ocean Shipping

Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2001

There is a substantial theoretical literature on the potential effects of loyalty contracts, but a relative paucity of empirical work. This Paper employs the event study methodology to examine the effect of exclusionary contracts on firm performance in the ocean shipping industry. Shipping...

Persistent link: https://www.econbiz.de/10005497855

Strategic Bidding in Electricity Pools with Short-Lived Bids: An Application to the Spanish Market

García-Díaz, Antón; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2000

We generalize von der Fehr and Harbord's (1993) multi-unit auction model for the case of a deterministic demand allowing for any technology mix and elastic demand in order to account for demand side bidding. We obtain a general characterization of the equilibrium and show that the Cournot model...

Persistent link: https://www.econbiz.de/10005789069

Regulation and Incentives in European Aviation

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2004

The aim of this Paper is to evaluate simultaneously market power and the incentives faced by carriers to improve efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and estimate a model that includes demand, capacity, and cost...

Persistent link: https://www.econbiz.de/10005667136

The Impact of Regulation on Innovation

Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - 2022

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation’s negative effects only matter for incremental innovation (as …

Persistent link: https://www.econbiz.de/10014089533

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron - 2014

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Persistent link: https://www.econbiz.de/10012752291

Firm Size Distortions and the Productivity Distribution: Evidence from France

Garicano, Luis; Lelarge, Claire; Van Reenen, John - C.E.P.R. Discussion Papers - 2013

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our …. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare … losses exceed 5%. We also show, regardless of wage flexibility, that the main losers from the regulation are workers (and to …

Persistent link: https://www.econbiz.de/10011083258

Alliances in the Air: Some Worldwide Evidence

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2005

We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the period 1995-2000, with special attention to US and EU carriers. From the estimation of a cost, capacity and demand system that accounts for cross-price elasticities, we attempt to...

Persistent link: https://www.econbiz.de/10005666444

Do R&D Credits Work? Evidence From A Panel Of Countries 1979-97

Bloom, Nicholas; Griffith, Rachel; Van Reenen, John - C.E.P.R. Discussion Papers - 2000

This paper examines the impact of fiscal incentives on the level of R&D investment. An econometric model of R&D investment is estimated using a new panel of data on tax changes and R&D spending in nine OECD countries over a nineteen-year period (1979-1996). We find evidence that tax incentives...

Persistent link: https://www.econbiz.de/10005789018

Price and quality in spatial competition

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2009

We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions, including utility functions that are non-linear in income...

Persistent link: https://www.econbiz.de/10005068287