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Climate actions and stranded assets : the role of financial regulation and monetary policy
Diluiso, Francesca; Annicchiarico, Barbara; Kalkuhl, … - 2020
materialize. Financial regulation encouraging the decarbonization of the banks' balance sheets via tax-subsidy schemes …
Persistent link: https://www.econbiz.de/10012260638
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Sovereign default risk and banks in a monetary union
Uhlig, Harald - 2013 - This revision: August 12, 2013
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …
Persistent link: https://www.econbiz.de/10009786077
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Investment in broadband infrastructure under local deregulation : evidence from the UK broadband market
Fabritz, Nadine; Falck, Oliver - 2013
This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...
Persistent link: https://www.econbiz.de/10009752995
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Prices vs. quantities with endogenous cost structure
Storrøsten, Halvor Briseid - 2014
Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …
Persistent link: https://www.econbiz.de/10010238324
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Irreversible investments and regulatory risk
Panteghini, Paolo; Scarpa, Carlo - 2003
This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that a pure price...
Persistent link: https://www.econbiz.de/10011507879
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Investment size and firm's value under profit sharing regulation
Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - 2003
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm s start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10011509471
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Regulation in Swiss cantons : data for one country
Lüchinger, Simon; Schelker, Mark - 2015
In this paper, we present and illustrate novel data on more than a century of regulation in Switzerland. We provide … reflected in the annual changes to such regulation from 1908-2013. We measure the stock of regulation by the number of … heterogeneity in the stock of regulation and the amount and development of regulatory activity. Regulatory activity generally …
Persistent link: https://www.econbiz.de/10011405724
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The new systems competition
Sinn, Hans-Werner - 2001
While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...
Persistent link: https://www.econbiz.de/10011408441
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The interplay between regulation and competitions : the case of universal service obligations
Hörnig, Steffen; Valletti, Tommaso M. - 2002
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
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The welfare effects of mobile internet access : evidence from Roam-Like-At-Home
Quinn, Martin; Matos, Miguel Godinho de; Peukert, Christian - 2022
We evaluate the welfare effects of the Roam-Like-At-Home regulation, which drastically re-duced the price of accessing … impact of the regulation on different user segments. We estimate that around half of the gains stem from a reduction in … deadweight loss, i.e., new users accessing the mobile internet. We further show that the impact of the regulation varies with …
Persistent link: https://www.econbiz.de/10012888496