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Effective European antitrust : does EC merger policy generate deterrence?

Clougherty, Joseph A.; Duso, Tomaso; Lee, Miyu; … - 2015

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 remedies, and preventions – phase-1 remedies...

Persistent link: https://www.econbiz.de/10011392122

Merger policy in digital markets : an ex-post assessment

Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...

Persistent link: https://www.econbiz.de/10012137099

Konzessionsmodelle für Fernstraßen in Deutschland : eine ökonomische Analyse der Risikoallokation beim F- und A-Modell

Beckers, Thorsten; Hirschhausen, Christian R. von - 2003

In diesem Beitrag wird die Risikoallokation bei Betreibermodellen für Bundesfernstraßen nach dem F- und A-Modell untersucht. Zunächst werden kurz die Defizite des traditionellen Modells der Herstellung und Bereitstellung von Fernstraßen in Deutschland dargestellt und die Struktur der beiden...

Persistent link: https://www.econbiz.de/10011439406

Political corruption in the execution of public contracts

Chiappinelli, Olga - 2016

This paper presents a novel theory of corruption in public procurement. It considers an agency setting of contract execution where the principal is a politician who can commit to a contract auditing policy. It is found that a benevolent politician, by choosing a sufficiently strict auditing,...

Persistent link: https://www.econbiz.de/10011532685

Overcoming data limitations in nonparametric benchmarking : applying PCA-DEA to natural gas transmission

Nieswand, Maria; Cullmann, Astrid; Neumann, Anne - 2009

regulation ; natural gas transmission …

Persistent link: https://www.econbiz.de/10003915871

A profit-maximizing approach for transmission expansion planning using a revenue-cap incentive mechanism

Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - 2015

with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …

Persistent link: https://www.econbiz.de/10010519927

Regulation and investment incentives in electricity distribution : an empirical assessment

Cullmann, Astrid; Nieswand, Maria - 2015

's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …

Persistent link: https://www.econbiz.de/10011373911

Power system transformation towards renewables : an evaluation of regulatory approaches for network expansion

Egerer, Jonas; Rosellón, Juan; Schill, Wolf-Peter - 2013

dynamic generation settings. Through application in a stylized two-node network, we find that incentive regulation may perform … motivates further research aimed to characterize optimal regulation for transmission expansion in the context of renewable …

Persistent link: https://www.econbiz.de/10009771877

Deregulation and enterprization in Central and Eastern telecommunication : a benchmark for the West?

Hirschhausen, Christian R. von - 1996

question for the first time in Eastern Europe. We start to address the two relevant policy issues: modes of regulation, and …

Persistent link: https://www.econbiz.de/10009667616

Two price zones for the German electricity market : market implications and distributional effects

Egerer, Jonas; Weibezahn, Jens; Hermann, Hauke - 2015

We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in the market dispatch while conventional capacity...

Persistent link: https://www.econbiz.de/10010479927

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