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This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
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Industrial prices of goods and services are a function of costs of production and of the mark-up that firms apply on those costs. If these prices relate to goods that are traded internationally, they will also be influenced by the price at which those goods are exchanged in international...
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We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using a two-state Markov Switching model, allowing water...
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The main objectives of regulatory reform and privatization of infrastructure in Brazil were to attract new private investment, increase efficiency and reduce the public debt through the use of privatization revenues. Whereas the evidence suggests that regulatory reform (privatization included)...
Persistent link: https://www.econbiz.de/10012019342
The economics literature on Net Neutrality (NN) has been largely critical of NN regulation on the basis of theoretical … violations. In contrast, the current paper argues that NN regulation is largely ineffective, in particular, when it comes to the … price rule. NN regulation is effective only in preventing the blocking of specific content and in preventing the favoring of …
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