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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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Product and labor market deregulation in unionized oligopoly with asymmetric countries
Egger, Hartmut; Meland, Frode - 2011
This paper sets up a general oligopolistic equilibrium trade model for two integrated countries that are similar in all respects except of the prevailing labor market institutions. In one country, the labor market is perfectly competitive, while in the other country labor unions are active in a...
Persistent link: https://www.econbiz.de/10009314549
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The impact of entry regulation on total welfare : a policy experiment
Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a … dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs … evidence that the duration of entry regulation has a negative impact on consumer surplus. We also find that entry protection …
Persistent link: https://www.econbiz.de/10009764443
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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the …
Persistent link: https://www.econbiz.de/10009781544
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Deregulation, entry of foreign banks and bank efficiency in Australia
Sturm, Jan-Egbert; Williams, Barry - 2002
restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … seems to have increased post-deregulation and the competition resulting from diversity in bank types was important to prompt …
Persistent link: https://www.econbiz.de/10011514045
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …
Persistent link: https://www.econbiz.de/10011447527
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Flexible prices and leverage
D'Acunto, Francesco; Liu, Ryan; Pflueger, Carolin; … - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10011597779
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A model of strategic targeted advertising
Galeotti, Andrea; Moraga-González, José Luis - 2004
We study a simultaneous move game of targeted advertising and pricing in a market with various consumer segments. In this setting we explore the implications of market segmentation on firm competitiveness. If firms are unable to target their ads on different consumer segments, a unique...
Persistent link: https://www.econbiz.de/10011401331
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Universal intellectual property rights : too much of a good thing?
Auriol, Emmanuelle; Biancini, Sara; Paillacar, Rodrigo - 2013
This paper studies the incentives that developing countries have to protect intellectual properties rights (IPR). On the one hand, free-riding on rich countries technology reduces their investment cost in R&D. On the other hand, firm that violates IPR cannot legally export in a country that...
Persistent link: https://www.econbiz.de/10009764430
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Is emission intensity or output u-shaped in the strictness of environmental policy
Dijkstra, Bouwe R.; Gil-Moltó, Maria J. - 2014
In a model where firms face a continuous choice of how much to invest in environmental innovation, we show that an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. It does so when the abatement technology is...
Persistent link: https://www.econbiz.de/10010361382