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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 … are not synchronized with the larger regional grid. We summarize this complex structure of transmission regulation in the …
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, the sharing rules now in place reduce incentives...
Persistent link: https://www.econbiz.de/10012468396
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Donor Contracting Conditions and Public Procurement : Causal Evidence from Kenyan Electrification
Wolfram, Catherine D.; Miguel, Edward; Hsu, Eric; … - National Bureau of Economic Research - 2023
voltage at AfDB sites, but have no impact at WB sites, suggesting monitoring and unbundling contracts may be substitutes …
Persistent link: https://www.econbiz.de/10014226145
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Energy Transitions in Regulated Markets
Gowrisankaran, Gautam; Langer, Ashley; Reguant, Mar - National Bureau of Economic Research - 2024
electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during …
Persistent link: https://www.econbiz.de/10014468287
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Economic Research on Privacy Regulation : Lessons from the GDPR and Beyond
Johnson, Garrett - National Bureau of Economic Research - 2022
This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I … highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm … compliance and regulatory enforcement, as well as the regulation's impact on data observability. The economic literature on the …
Persistent link: https://www.econbiz.de/10013477197
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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...
Persistent link: https://www.econbiz.de/10012469168
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The Overlooked Corporate Finance Problems of a Microsoft Breakup
Bebchuk, Lucian Arye - 2001
This paper identifies problems with the ordered breakup of Microsoft that seem to have been completely overlooked by the government, the judge, and the commentators. The breakup order prohibits Bill Gates and other large Microsoft shareholders from owning shares in both of the companies that...
Persistent link: https://www.econbiz.de/10012470640
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Asset Liquidity and Segment Divestitures
Schlingemann, Frederik P. - 2000
We investigate a sample of firms whose number of reported segments falls by one or more for the first time in their reporting history. The firms in our sample have a significantly larger diversification discount, underperform, and underinvest relative to comparable firms. Firms are more likely...
Persistent link: https://www.econbiz.de/10012470864
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Unbundling Institutions
Acemoglu, Daron - 2003
This paper evaluates the importance of property rights institutions', which protect citizens against expropriation by the government and powerful elites, and contracting institutions', which enable private contracts between citizens. We exploit exogenous variation in both types of institutions...
Persistent link: https://www.econbiz.de/10012468763
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Hong Kong's Business Regulation in Transition
Wu, Changqi - 1997
. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10012472483