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Electricity market operation : transitioning from a free market to a single buyer structure
Daglish, Toby; Bragança, Gabriel Godofredo Fiuza de; … - 2016
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...
Persistent link: https://www.econbiz.de/10012059460
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Consumer salience and quality provision in (un)regulated public service markets
Gu, Yiquan; Rasch, Alexander; Wenzel, Tobias - 2020
This paper examines the publication of quality indicators in service markets with public finance systems, such as education and healthcare markets. We provide a spatial model of product differentiation in which the reporting of such indicators increases consumers’ decision weight on quality...
Persistent link: https://www.econbiz.de/10012390724
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Regulatory compliance with limited enforceability : evidence from privacy policies
Ganglmair, Bernhard; Krämer, Julia; Gambato, Jacopo - 2024
The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to …
Persistent link: https://www.econbiz.de/10014504790
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Taming overconfident CEOs through stricter financial regulation
Kassner, Bernhard - 2023
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
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The more the merrier? : on the optimality of market size restrictions
Negenborn, Colin von - 2019 - This draft: September 10, 2019
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
Persistent link: https://www.econbiz.de/10012108481
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Efficiency and regulation in the sanitation sector in Brazil
Motta, Ronaldo Serôa da; Moreira, Ajax - 2015
Regulation in the sanitation sector in Brazil is facing a great deal of debate regarding the government level in which …, we investigate how the absence of tariff regulation has dissipated efficiencies and allowed the practice of monopolistic …
Persistent link: https://www.econbiz.de/10012023809
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News media bargaining codes
Sandrini, Luca; Somogy, Robert - 2024
We build a model of the news market where advertisers allocate their ads between a social media platform and a news website. Our objective is to evaluate policy interventions aimed at fostering news creation by transferring revenues from social media to news websites already introduced in...
Persistent link: https://www.econbiz.de/10014577558
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System-wide and banks' internal stress tests : regulatory requirements and literature review
Pliszka, Kamil - 2021
This paper deals with both system-wide and banks' internal stress tests. For system-wide stress tests it describes the evolution over time, compares the stress test design in major jurisdictions, and discusses academic research. System-wide stress tests have gained in importance and nowadays...
Persistent link: https://www.econbiz.de/10012534563
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The big sell : privatizing East Germany's economy
Hennicke, Moritz; Lubczyk, Moritz; Mergele, Lukas - 2020 - This version: September 11, 2020
The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany...
Persistent link: https://www.econbiz.de/10012287966
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Privatization, entry regulation and the decline of labor's share of GDP : a cross-country analysis of the network industries
Azmat, Ghazala (contributor); Manning, Alan (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003485170