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The relationship between regulation and competition policy for network utilities

Newbery, D. - Faculty of Economics, University of Cambridge - 2006

Should regulation of potentially competitive elements of network utilities be left with sector regulators or solely … more emphasis on making sector regulation consistent with competition law. The paper discusses the appropriateness of the …

Persistent link: https://www.econbiz.de/10005647440

Price versus quantity in a mixed duopoly: The case of relative profit maximization

Nakamura, Yasuhiko - In: Economic Modelling 44 (2015) C, pp. 37-43

This paper examines the endogenous choice problem of each firm's price or quantity contract in a mixed duopoly composed of one social welfare maximizing public firm and one relative profit-maximizing private firm. In this paper, we show that unless the degree of product differentiation and the...

Persistent link: https://www.econbiz.de/10011116961

Price competition, technology licensing and strategic trade policy

Ghosh, Arghya; Saha, Souresh - In: Economic Modelling 46 (2015) C, pp. 91-99

We consider strategic trade policy when two firms from two different countries that start out with different production costs compete in prices in a third country, and technology transfer between the two firms is possible through technology licensing. We find that optimal policy when technology...

Persistent link: https://www.econbiz.de/10011208934

Estimating Market Power in the Internet Backbone Using Band-X data

Giovannetti, E.; Ristuccia, C.A. - Faculty of Economics, University of Cambridge - 2003

Recent industry studies found the Internet backbone industry competitive. In our paper we explore a novel route to monitor for market power using prices and quality data from Band-X. First we test the hypothesis that Europe is a connectivity market on its own, unchallenged by the US and then, by...

Persistent link: https://www.econbiz.de/10005783725

The Supply Function Equilibrium and its Policy Implications for Wholesale Electricity Auctions

Holmberg, P.; Newbery, D. - Faculty of Economics, University of Cambridge - 2010

The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....

Persistent link: https://www.econbiz.de/10008503180

Transmission Policy in the United States

Joskow, P.L. - Faculty of Economics, University of Cambridge - 2004

This paper provides an overview of the development of electric power transmission access, pricing and investment policies in the U.S. over the last 15 years and evaluates the current state of those policies. It includes a discussion of pre-liberalisation transmission access and pricing policies,...

Persistent link: https://www.econbiz.de/10005489323

The bird in hand: stipulated settlements and electricity regulation in Florida

Littlechild, S. - Faculty of Economics, University of Cambridge - 2007

been a shift from conventional rate of return regulation, and from earnings sharing schemes with profits caps, to prices …

Persistent link: https://www.econbiz.de/10005489325

Yardstick and Ex-post Regulation by Norm Model: Empirical Equivalence, Pricing Effect, and Performance in Sweeden

Jamasb, T.; Söderberg, M. - Faculty of Economics, University of Cambridge - 2009

Following the liberalisation of network industries there has been a number of innovations in incentive regulation. This … paper examines the effects of the application of norm models within an ex-post incentive regulation of electricity … effect of regulation on pricing behaviour and performance of utilities in average costs, quality of service, and network …

Persistent link: https://www.econbiz.de/10005489344

‘Regulatory Issues in Merchant Transmission Investment’

Brunekreeft, G. - Faculty of Economics, University of Cambridge - 2004

Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is now legally allowed. Given that MTI is a real possibility, regulators face a new set of questions. After classifying different types of MTI, the paper raises and analyses...

Persistent link: https://www.econbiz.de/10005489362

Strategic Behaviour under Regulation Benchmarking

Jamasb, T.; Nillesen, P.; Pollitt, M. - Faculty of Economics, University of Cambridge - 2003

regulation schemes that rely on performance benchmarking. Although regulation benchmarking can influence the “regulation game …

Persistent link: https://www.econbiz.de/10005489364