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from this analysis is that Russia’s sanctions successes in the 1990s created a strong desire in many of the NIS to reduce …Abstract: Daniel Drezner’s 1999 book The Sanctions Paradox used case studies from the former Soviet Union in the 1990s … to test his game-theoretic model—the Conflict Expectations Model--of sanctions behavior. The model purports to help …
Persistent link: https://www.econbiz.de/10011258585
The aim of the paper is to critically describe the behaviour of the main Italian transport infrastructural agents (national roads and rails, highway, airports concessions) in the field of infrastructure financing. All the actors are trying to avoid the effects of regulation and, at the same...
Persistent link: https://www.econbiz.de/10005837122
The paper discusses the present regulatory framework in Italy concerning transport infrastructures financing and provides some policy indications. The Italian situation is characterised by non homogeneity among the transport modes and insufficient, or even perverse, incentives to efficiency....
Persistent link: https://www.econbiz.de/10005837154
We calibrate Markov regime-switching (MRS) models to spot (log-)prices from two major power markets. We show that while the price-capped (or truncated) spike distributions do not give any advantage over the standard specification in case of moderately spiky markets (such as NEPOOL), they improve...
Persistent link: https://www.econbiz.de/10008574282
) and the cap is calculated as the weighted average of the tariff plans he offers. In this context, we characterized the … compatible with this single regulated plan (tariff flexibility). …
Persistent link: https://www.econbiz.de/10009132754
We study the impact of different regulatory contracts of electricity companies on their dividend policy. Using a panel of 106 publicly traded European electric utilities in the period 1986-2011 we link dividend pay-out and smoothing ratios to the implementation of different regulatory mechanisms...
Persistent link: https://www.econbiz.de/10011112738
This paper investigates the effects of alternative forms of regulation on the market penetration and capacity, which are determined by a profit-maximizing monopolist providing priority service to consumers. For continuous priority service, a minimum reliability standard, price cap and rate of...
Persistent link: https://www.econbiz.de/10005623335
The adhesion to the European Union imposed to Romania major changes for the main indirect taxes. In this article we study the implications of these changes on the imports from EU. We conclude that the most significant effect the settlements had regarding the payment of VAT for the intra –...
Persistent link: https://www.econbiz.de/10011260243
This article presents problems associated with the development of competition on the Polish energy market in the context of tariffs and pricing. National standards are set against the background of European legislation and the activities of the Energy Regulatory Office. The thesis is that the...
Persistent link: https://www.econbiz.de/10009372625
This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate macroeconomics, international trade, and international finance courses. Students representing buyers, in a small home country and foreign country, and sellers, both home and...
Persistent link: https://www.econbiz.de/10008695066