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Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010283608
subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …
Persistent link: https://www.econbiz.de/10011584949
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10010264297
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10013177626
We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...
Persistent link: https://www.econbiz.de/10014469391
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10013299243
same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on … productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …
Persistent link: https://www.econbiz.de/10011307101
This paper presents new evidence on the question: Why don’t consumers switch electricity contracts? By conducting a … knowledge of the retail electricity market, their beliefs, preferences, and intentions to switch providers. Crucially, I can … matter. These results raise the fundamental question: Why should consumers actively choose electricity contracts? Instead …
Persistent link: https://www.econbiz.de/10015047305
Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level. In this paper, we seek to understand the drivers of country-level MFP with a...
Persistent link: https://www.econbiz.de/10011657128
and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of … product and labour market regulation is considerably stronger at higher levels. The paper uncovers important policy …
Persistent link: https://www.econbiz.de/10011657136