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Benchmark Regulation of Multiproduct Firms : An Application to the Rail Industry

Wilson, Wesley W. - 2018

A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most rail rates contains a statutory mandate for the regulator to protect shippers from "excessive"...

Persistent link: https://www.econbiz.de/10012907724

Digital Rights Management and the Pricing of Digital Products

Park, Yooki - 2008

As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...

Persistent link: https://www.econbiz.de/10012727035

On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration

Borenstein, Severin - 2011

U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …

Persistent link: https://www.econbiz.de/10013130786

Unilateral Tariff Liberalisation

Baldwin, Richard - 2010

Unilateral tariff liberalisation by developing nations is pervasive but our understanding of it is shallow. This paper strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with particular emphasis is on the role of production...

Persistent link: https://www.econbiz.de/10013135235

Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector

Cropper, Maureen - 2011

We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...

Persistent link: https://www.econbiz.de/10013120321

Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power

Davis, Lucas W. - 2011

markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …

Persistent link: https://www.econbiz.de/10013121046

Open Borders

Kennan, John - 2012

There is a large body of evidence indicating that cross-country differences in income levels are associated with differences in productivity. If workers are much more productive in one country than in another, restrictions on immigration lead to large efficiency losses. The paper quantifies...

Persistent link: https://www.econbiz.de/10013101820

Market Deregulation and Optimal Monetary Policy in a Monetary Union

Cacciatore, Matteo - 2013

The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic … policy to reduce transition costs. Third, deregulation reduces static and dynamic inefficiencies, making price stability more … desirable. International synchronization of reforms can eliminate policy tradeoffs generated by asymmetric deregulation …

Persistent link: https://www.econbiz.de/10013082164

How Do Hospitals Respond to Market Entry? Evidence from a Deregulated Market for Cardiac Revascularization

Li, Suhui - 2013

Regulatory entry barriers to hospital service markets, namely Certificate of Need (CON) regulations, are enforced in many states; although no longer federally mandated, policy makers in other states are considering reinstating CON policies in tandem with service expansions mandated under the...

Persistent link: https://www.econbiz.de/10013084146

Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal Versus Net Capital Flow Concerns

Aizenman, Joshua - 2013

In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in the recent decades. Liberalization of capital outflow controls can allow emerging market economies (EMEs) to reduce net capital inflow (NKI) pressures, but...

Persistent link: https://www.econbiz.de/10013085490