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Monopoly Prices versus Ramsey-Boiteux Prices: Are they "similar", and: Does it matter?
Höffler, Felix - Max-Planck-Institut zur Erforschung von … - 2005
Ramsey-Boiteux prices and monopoly prices are frequently regarded as being similar. This might suggest that, in particular in network industries with large fixed costs, sometimes monopoly pricing is close to the Ramsey-Boiteux second best and welfare superior to imperfectly regulated prices....
Persistent link: https://www.econbiz.de/10008633228
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Regulatory federalism in network industries
Trillas, Francesc - Institut d'Economia de Barcelona (IEB), Facultat … - 2008
competition in some segments possible, the possibilities for organizing the institutional architecture of regulation expand. …
Persistent link: https://www.econbiz.de/10004961452
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Do producers apply a capacity cutting strategy to increase prices? The case of the England and Wales electricity market
Lízal, Lubomír M.; Tashpulatov, Sherzod N. - In: Energy Economics 43 (2014) C, pp. 114-124
Promoting competition among electricity producers is primarily targeted at ensuring fair electricity prices for consumers. Producers could, however, withhold part of production facilities (i.e., apply a capacity cutting strategy) and thereby push more expensive production facilities to satisfy...
Persistent link: https://www.econbiz.de/10011100111
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Regulation and electricity market integration: When trade introduces inefficiencies
Billette de Villemeur, Etienne; Pineau, Pierre-Olivier - Volkswirtschaftliche Fakultät, … - 2012
Electricity markets vary greatly across jurisdictions, in terms of regulatory institutions, cost levels and environmental impacts. Integrating such different markets can lead to significant changes. This paper considers two jurisdictions - one with a regulated monopoly selling at average cost...
Persistent link: https://www.econbiz.de/10011108164
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Regulation and electricity market integration: When trade introduces inefficiencies
Billette de Villemeur, Etienne; Pineau, Pierre-Olivier - In: Energy Economics 34 (2012) 2, pp. 529-535
Electricity markets vary greatly across jurisdictions, in terms of regulatory institutions, cost levels and environmental impacts. Integrating such different markets can lead to significant changes. This paper considers two jurisdictions, one with a regulated monopoly selling at average cost and...
Persistent link: https://www.econbiz.de/10011039511
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Integrating Thermal and Hydro Electricity Markets: Economic and Environmental Costs of not Harmonizing Pricing Rules
Billette de Villemeur, Etienne; Pineau, Pierre-Olivier - Volkswirtschaftliche Fakultät, … - 2013
The electricity sector is the largest source of GHG emissions in the world, and reducing these emissions would often be costly. However, because electricity markets remain often only integrated at a shallow level (with different pricing regulations), many gains from deeper integration (adoption...
Persistent link: https://www.econbiz.de/10011114368
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Regulation, enforcement and informality: an analysis based on selected countries
Roychowdhury, Punarjit - Volkswirtschaftliche Fakultät, … - 2011
It is claimed that introducing flexibility in regulation is a sufficient condition for curbing the level of informality … time period 1980-2008 to explore the dynamics between regulation and informal employment. The empirical findings obtained … using Panel Data regression point out that regulation does not significantly affect informality. What matters is the …
Persistent link: https://www.econbiz.de/10009211209
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Regulatory Approaches to NGNs: An International Comparison
Marcus, J. Scott; Elixmann, Dieter - Volkswirtschaftliche Fakultät, … - 2008
The emergence of Next Generation Networks (NGNs) raises profound challenges for regulators everywhere. Different regulatory authorities have approached these problems in strikingly different ways, depending in part on the overall regulatory milieu in which they operate, and in part on the nature...
Persistent link: https://www.econbiz.de/10005621924
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Beyond the “bundling vs unbundling” controversy: What is at stake for the French railway?
Emmanuel, Bougna Tchofo; Crozet, Yves - In: Research in Transportation Economics 48 (2014) C, pp. 393-400
This paper uses qualitative and comparative analysis to reveal two important findings. First, in France, if the aim of reform announced by the Minister is to re-build the SNCF's monopoly, our fear is that, instead of stimulating French railways, this will cause a downward slide in the sector by...
Persistent link: https://www.econbiz.de/10011115842
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The Logic of Natural Monopoly Regulation
Tollison, Robert D.; Wagner, Richard E. - In: Eastern Economic Journal 17 (1991) 4, pp. 483-490
The authors explain why the elementary logic of rate-of-return regulation generates not the competitive outcome but the … monopoly outcome. Within the framework of the "passive regulator" that this logic entails, public regulation cannot alter the …
Persistent link: https://www.econbiz.de/10005417346