of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated …

Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds …, while the importing country benefits from lower prices. This is a case where market integration also improves the incentives …

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …

III rules, thus suggesting a ‘race to the top' in capital standards. We study regulatory competition when banks are … heterogeneous and give loans to firms that produce output in an integrated market. In this setting capital requirements change the …

Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds …, while the importing country benefits from lower prices. This is a case where market integration also improves the incentives …

areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … experiences in other areas suggesting that competition could provide large benefits to hitherto regulated utilities in local … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …

, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform … industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international … firm growth explains some recent empirical regularities on firm and labor market dynamics. Fitting the model to capture key …

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area …

time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate … market prices. These fluctuations can induce estimates of market power that ignore dynamic costs to overstate markup …