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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012465139
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Untimely Destruction : Pestilence, War and Accumulation in the Long Run
Bell, Clive - 2019
This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...
Persistent link: https://www.econbiz.de/10012861271
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Outsourcing Public Services : Contractibility, Cost, and Quality
Andersson, Fredrik - 2019
contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and …
Persistent link: https://www.econbiz.de/10012868004
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Entry, Exit, and the Determinants of Market Structure
Dunne, Timothy - 2009
expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …
Persistent link: https://www.econbiz.de/10012463337
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Competition and Political Organization : Together or Alone in Lobbying for Trade Policy?
Bombardini, Matilde - 2009
show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012463876
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The Industrial Organization of Markets with Two-Sided Platforms
Evans, David S. - 2005
provides an introduction to the economics of 2SPs and its application to several competition policy issues …
Persistent link: https://www.econbiz.de/10012467074
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Compensation Structure and Product Market Competition
Abowd, John M. - 1996
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10012473366
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Corruption and Bureaucratic Structure in a Developing Economy
Bennett, John - 2007
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem - when a foreign firm sinks an investment to provide infrastructure services. We focus on the structure of the economy's bureaucracy, which can be centralized or decentralized,...
Persistent link: https://www.econbiz.de/10012778446
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Product Market Deregulation and the U.S. Employment Miracle
Ebell, Monique - 2006
theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … effect due to a hiring externality. Competition is then linked to barriers to entry. We calibrate the model to US data and …
Persistent link: https://www.econbiz.de/10012782768
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On the Reversibility of Structural Reforms
Campos, Nauro F. - 2012
evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …
Persistent link: https://www.econbiz.de/10013106946