Narrow search
Showing 1 - 10 of 285
Cover Image
The regulation of professions in Italy
Brosio, Giorgio - 1997
The paper deals with the regulation of professions in Italy. It is a very traditional system of regulation based on … inputs control. This regulation is clearly excessive for most of the professions. In fact, market failures - both in terms of …. In fact, it is no longer true - at least for most of the professions - that output regulation is an inherently difficult …
Persistent link: https://www.econbiz.de/10011608310
Cover Image
Use of Long-term Auctions for Network Investment
McDaniel, Tanga; Neuhoff, Karsten - 2003
Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...
Persistent link: https://www.econbiz.de/10011325061
Cover Image
Dependent Controllers and Regulation Policies: Theory and Evidence
Guerriero, Carmine - 2006
This paper analyzes the effects of supervisors' (i.e., regulators and judges) selection rules on regulated prices. A checks and balances' regulatory review process strengthens the role of the judicial power and election increases the populism of implicitly motivated supervisors. Election arises...
Persistent link: https://www.econbiz.de/10010312360
Cover Image
Do international roaming alliances harm consumers?
Bühler, Benno - 2009
endogenously formed if not prevented by regulation. …
Persistent link: https://www.econbiz.de/10010279387
Cover Image
Collusive Agreements in Vertically Differentiated Markets
Marini, Marco A. - 2017
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011662439
Cover Image
Vertical Differentiation and Collusion: Cannibalization or Proliferation?
Gabszewicz, Jean J.; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011492383
Cover Image
Self-defeating antitrust laws: How leniency programs solve Bertrand's paradox and enforce collusion in auctions
Spagnolo, Giancarlo - 2000
I find that current US's and EU's Antitrust laws -- in particular their "moderate"' leniency programmes that only reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one-shot competitive interactions, like Bertrand oligopolies and...
Persistent link: https://www.econbiz.de/10011608616
Cover Image
Sources of performance improvement in privatised firms: A clinical study of the global telecommunications industry
Megginson, William L.; Bortolotti, Bernardo; D'Souza, Juliet - 2001
significant declines in leverage. However, we also find numerous separable effects for variables measuring regulation, competition … leverage and a significant decrease in employment, while price regulation significantly increases profitability. Major …
Persistent link: https://www.econbiz.de/10011608788
Cover Image
Output quality and sources of profit change in the English and welsh water and sewerage companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2012
technique is of great interest for regulators to evaluate the effectiveness of regulation and companies to identify the …
Persistent link: https://www.econbiz.de/10010294274
Cover Image
Profit, productivity and price performance changes in the English and welsh water and sewerage companies
Maziotis, Alexandros; Saal, David S.; Thanassoulis, Emmanuel - 2012
The purpose of this paper is to assess the impact of regulation in the financial performance of the Water and Sewerage … effectiveness of regulation and companies to identify the determinants of profit change and improve future performance, even if …
Persistent link: https://www.econbiz.de/10010294297