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balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … with incentive regulation and helps lengthening the regulatory commitment period necessary for incentives. However, such … commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive …
Persistent link: https://www.econbiz.de/10013316240
market penetration only later. In the short run, investment is needed mainly to improve productivity in the renewable energy …
Persistent link: https://www.econbiz.de/10012960106
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as … whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms … adoption than Bertrand competition. It shows also that competition toughness does not always reinforce adoption incentives …
Persistent link: https://www.econbiz.de/10013316352
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
Persistent link: https://www.econbiz.de/10013149368
The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits displays a time-varying exit rate. Building on Semi-Markov processes, we translate these exit rates into an expression for the aggregate unemployment rate. Structural estimation...
Persistent link: https://www.econbiz.de/10013142487
This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers … trade of the first-priority. Concerning the ISP's investment incentives, we find that capacity expansion affects the sale …
Persistent link: https://www.econbiz.de/10013316480
We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
Persistent link: https://www.econbiz.de/10012753478
We develop a two-sector, two-country model where trade is driven by technological differences. Each country is populated by large number of heterogeneous workers distinguished by their level of skills. Given that one country has a technological advantage in the skilled intensive good when we...
Persistent link: https://www.econbiz.de/10013132017
We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …
Persistent link: https://www.econbiz.de/10012930693
productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non …
Persistent link: https://www.econbiz.de/10013092604