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Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.
De Losa, Joe; Pfeifenberger, Johannes P.; Joskow, Paul L. - National Bureau of Economic Research - 2024
The U.S. regulation of high-voltage transmission is highly complex and, as a result, generally poorly understood. The complexity is created by separate, but overlapping, jurisdictional authorities of the U.S. federal regulators and those of individual states, districts, and territories. While...
Persistent link: https://www.econbiz.de/10014512108
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Mandatory Unbundling and Irreversible Investment in Telecom Networks
Pindyck, Robert S. - 2004
This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the … Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition … network services, which creates a significant investment disincentive …
Persistent link: https://www.econbiz.de/10012468396
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Merchant Transmission Investment
Joskow, Paul - 2003
We examine the performance attributes of a merchant transmission investment framework that relies on market driven …' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … set of assumptions, the merchant investment model has a remarkable set of attributes that appear to solve the natural …
Persistent link: https://www.econbiz.de/10012469168
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The Steering Incentives of Gatekeepers in the Telecommunications Industry
McManus, Brian; Nevo, Aviv; Nolan, Zachary; Williams, … - National Bureau of Economic Research - 2022
We study trade-offs faced by multiple-system operators (MSOs), the gatekeepers in the provision of internet service, when setting prices and quality for internet access and TV service. In response to improvements in over-the-top video (OTT), MSOs choose between accommodating OTT to share in the...
Persistent link: https://www.econbiz.de/10013362053
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The Effects of Short-Term Rental Regulation : Insights from Chicago
Jin, Ginger Zhe; Wagman, Liad; Zhong, Mengyi - National Bureau of Economic Research - 2024
We provide an in-depth study of short-term rental (STR) regulation in Chicago. While many municipalities choose between outright bans or laissez-faire strategies concerning STR activities, Chicago pioneered a middle-ground ordinance, enabling the market to exist with limitations and...
Persistent link: https://www.econbiz.de/10014576565
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Restrict the Middleman? : Quantitative Models of PBM Regulations and Their Consequences
Mulligan, Casey B. - National Bureau of Economic Research - 2023
This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price-theoretic models allow for various market frictions and imperfections including market power, coordination costs, tax distortions, and incomplete innovation incentives. A rigorous...
Persistent link: https://www.econbiz.de/10014247918
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Ending Pay for PBM Performance : Consequences for Prescription Drug Prices, Utilization, and Government Spending
Mulligan, Casey B. - National Bureau of Economic Research - 2023
Proposed "delinking" legislation would prohibit Pharmacy Benefit Managers (PBMs) from being remunerated based on the rebates and discounts they negotiate for drug insurance plans serving Medicare beneficiaries. This policy would significantly change drug pricing and utilization and shift...
Persistent link: https://www.econbiz.de/10014372424
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Are Supply Networks Efficiently Resilient?
Capponi, Agostino; Du, Chuan; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
incentivize capacity investment, reduce reliance on spot markets, and enhance competition ameliorate the externality …
Persistent link: https://www.econbiz.de/10014512075
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How Merger Synergies Can Harm Consumers : A Defense of the Efficiencies Offense
Ramos, Paulo; Wollmann, Thomas G. - National Bureau of Economic Research - 2024
This paper uses an aggregative games framework to predict consumer welfare when market structure is endogenously determined. Our main results characterize mergers whose synergies reduce consumer welfare by inducing rivals to exit. The conditions under which such mergers arise are broad,...
Persistent link: https://www.econbiz.de/10014576659
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Competitive Model Selection in Algorithmic Targeting
Iyer, Ganesh; Ke, T. Tony - National Bureau of Economic Research - 2023
This paper studies how market competition influences the algorithmic design choices of firms in the context of targeting. Firms face the general trade-off between bias and variance when choosing the design of a supervised learning algorithm in terms of model complexity or the number of...
Persistent link: https://www.econbiz.de/10014247922