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The current Water Abstraction License (WAL) regime in Italy is no longer flexible enough to cope with the challenges … economically most important in Italy. PRBD’s WAL regime includes a rigid and scattered WAL normative that hinders the performance … that can inform reform of water allocations in the PRBD and elsewhere in Italy and in Europe. …
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We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
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When consumption of water and other utilities is measured collectively and payment for such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how installation of individual meters affects water consumption....
Persistent link: https://www.econbiz.de/10012668511
In many areas of the world, including large parts of the United States, scarce water supplies are a serious resource and environmental concern. The possibility exists that water is being used at rates that exceed what would be dictated by efficiency criteria, particularly when externalities are...
Persistent link: https://www.econbiz.de/10011596998
An issue that affects the effectiveness of water pricing policies is consumers' misperception, which implies that households decide their water consumption based on poor/inaccurate information about the marginal price. We use household survey data on bill and quality perception in Brazil to...
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We analyse the redistribution of a resource among agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of...
Persistent link: https://www.econbiz.de/10008840051
This paper studies regulatory policy interventions aimed at protecting sticky consumers who are exposed to exploitation. We model heterogeneous consumer switching costs alongside asymmetric market shares. This setting encompasses many markets in which established firms are challenged by new...
Persistent link: https://www.econbiz.de/10012583369