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Persistent link: https://www.econbiz.de/10000167863
In Germany, competitive franchising is increasingly being used to procure passenger railway services that were previously provided by a state monopolist. This paper analyzes 77 tenders that differ with respect to network size, service frequency, contract duration and the proximity to other lines...
Persistent link: https://www.econbiz.de/10003387556
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We investigate how various institutional settings affect a network provider’s incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...
Persistent link: https://www.econbiz.de/10001729423
with increasing returns to scale. We show that privatization is preferred to regulation for intermediate values of the … privatization is likely to disappear once the product market allows the entry of more than one firm.In this paper, we study the … show that privatization is preferred to regulation for intermediate values of the shadow cost of public funds (i.e., the …
Persistent link: https://www.econbiz.de/10011597781
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A multilateral currency union removes the intraregional exchange rates but not the union rate variability with the rest of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure the variability. The measured variables are used to model...
Persistent link: https://www.econbiz.de/10003740327
Persistent link: https://www.econbiz.de/10003406146
At a time when regional production networks have been resurgent, especially in Asia, why has India's integration in regional markets had not been deeper? Using highly disaggregated trade data and an analysis of industry perspectives based on semi-structured interviews with a sample of firms and...
Persistent link: https://www.econbiz.de/10010460764
In a field dominated by a discourse that paints the European Union (EU) as a change agent providing initial stimuli, it is refreshing that the transmission or diffusion of norms, values, processes and institutional design is now being reported (albeit inchoately) in the cooperation of regional...
Persistent link: https://www.econbiz.de/10011387486