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This paper provides an overview of telecommunications regulation in the U.S. and in Europe. For each region the history of telecommunications regulations as well as the current regulatory regime is portrayed. The focus of this overview is on the question of how unbundling regulations in the...
Persistent link: https://www.econbiz.de/10003480089
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
innovative technology within this trajectory. As for the diffusion of SC, the paper concentrates on Germany, USA, China and Japan …. The analysis shows that the typical lead market pattern applies only to a limited extent. In the 1960s and 1970s, the USA … Germany in terms of regulation. In the near future, demand advantages will switch to China. This supports also the hypothesis …
Persistent link: https://www.econbiz.de/10003745105
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …
Persistent link: https://www.econbiz.de/10003670896
, Germany, Japan and the USA taking into account the different regulation schemes in these countries. We concentrate on … only applies to a limited extent. In the 1960s and 1970s, the USA has established a lead market for SC und USC technologies … leader in the market segment of low and middle quality boilers, whereas Japan and Germany still dominate the world turbine …
Persistent link: https://www.econbiz.de/10009658145
Persistent link: https://www.econbiz.de/10001945539
We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy consumption and incorporates optimistic projections for future energy markets provided by...
Persistent link: https://www.econbiz.de/10011442416
There is extreme heterogeneity of firms regulated under the European Emissions Trading Scheme (EU ETS) in terms of emissions evels and employed technology. We present a model that shows that behavior of firms under quantity regulation can differ strongly, dependent on the characteristics of the...
Persistent link: https://www.econbiz.de/10009159878
There is a growing literature that aims at assessing the private value of knowledge assets and patents. It has been shown that patents and their quality as measured by citations received by future patents contribute significantly to the market value of firms beyond their R&D stocks. This paper...
Persistent link: https://www.econbiz.de/10008937317
This paper investigates how the implementation of monetary policy affects the dynamics and the volatility of the federal funds rate. Since the early 1980s, the most important changes in the Fed's conduct of monetary policy refer to the role of the federal funds rate target and the reserve...
Persistent link: https://www.econbiz.de/10003721738