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on costs of oil dependence. -- Dynamic Bilateral Monopoly ; Markov-Perfect Equilibrium ; Depletable Resources ; Energy …
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We study the competition to acquire the exclusive right to operate an infrastructure service, by comparing two different specifications for the financial proposals - "lowest price to consumers" vs "highest concession fee", and two alternative contractual arrangements: a contract which imposes...
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, abatement effort made by the monopoly and social welfare comparing two alternative policy games. The first game assumes that the …
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infrastructure quality. Analyzing a model with reduced-form demand, we first show that deregulating an integrated monopoly cannot … retail price and infrastructure quality relative to the integrated monopoly outcome increases welfare. Third, we argue that …
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