Showing 1 - 10 of 109
Recent advances in telecommunications, particularly using fibre technologies, permit many services based on data … single market in the European Union is impeded by absent or imperfect regulation conducted at the national level, which fails … to create a level playing field between the country's former telecommunications monopolist and foreign competitors and …
Persistent link: https://www.econbiz.de/10013158458
Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...
Persistent link: https://www.econbiz.de/10012955744
We examine how socio-political conflict in Bolivia has affected its economic performance since the 1970s. Such conflict … characteristics of conflict in Bolivia using a unique data set. We then provide estimates of the direct costs of conflict and examine … how levels of conflict, economic performance, and governance might be related in Bolivia's recent history …
Persistent link: https://www.econbiz.de/10013316564
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing relatively close substitutes by implementing a price-dependent profit-sharing rule. The rule also ensures that the downstream firms undertake investments which benefit the industry in...
Persistent link: https://www.econbiz.de/10012777494
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/10013104162
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10013086398
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10013087275
consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …
Persistent link: https://www.econbiz.de/10013088224
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10013092690