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market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less …
Persistent link: https://www.econbiz.de/10012405498
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
all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …
Persistent link: https://www.econbiz.de/10003892452
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10008811378
holistic view of the electricity, gas and heat sectors to deliver a clean, reliable and affordable energy system. By …
Persistent link: https://www.econbiz.de/10012255106
This paper provides a general characterization of overall power regulation and a detailed characterization of the … ongoing evolution of distributed rooftop photovoltaic (PV) regulation in Costa Rica. The paper further develops rooftop PV … the institutional architecture of power regulation in Costa Rica and contrasts it with international best practices …
Persistent link: https://www.econbiz.de/10012238017
with and without electricity regulation, and examine the changes in electricity price, electricity generation, coal price … government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the … impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by …
Persistent link: https://www.econbiz.de/10011850304
We develop a product market theory that explains why firms provide their workers with skills that are sufficiently general to be potentially useful for competitors. We consider a model where firms first decide whether to invest in industry-specific human capital, then make wage offers for each...
Persistent link: https://www.econbiz.de/10003387557
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10001957223
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others’ trained employees and finally engage in imperfect product...
Persistent link: https://www.econbiz.de/10001729428