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Persistent link: https://www.econbiz.de/10004335635
Gegenstand der vorliegenden Studie ist die optimale Regulierung des Betriebs von Netzwerken, die die Charakteristika … sinnvoll. Für eine optimale Regulierung des Verhaltens des jeweiligen Netzwerkbetreibers ist dabei entscheidend, welche … Regulierung betrachtet werden, werden hier die oft vernachlässigten Effekte auf die Qualität des Netzwerks in den Vordergrund …
Persistent link: https://www.econbiz.de/10008791377
This article describes the main characteristics of the price cap regime of price regulation, including its location …
Persistent link: https://www.econbiz.de/10008596680
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010610448
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …
Persistent link: https://www.econbiz.de/10005067470
Demsetz (1968) and Posner (1972) suggested competitive bidding as an alternative to natural monopoly regulation …. Williamson (1976) and Goldberg (1976) argued that the problems of natural monopoly regulation are inherent in long …-term investment under uncertainty. Long- and short-term franchising contracts may be more problematic than regulation. This paper …
Persistent link: https://www.econbiz.de/10005685449
We analyze a model of repeated franchise bidding for natural monopoly with contestable licensing -- a franchisee holds an (exclusive) license to operate a franchise until another firm offers to pay more for it. In a world where quality is observable but not verifiable, the simple regulatory...
Persistent link: https://www.econbiz.de/10005579418
In this paper, we discuss the choice for build–operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010664298
In the nineteenth century, the emergence of railroads in France resulted in new analytical issues, as they are natural monopolies. Jules Dupuit examined the issue of the operations of the railroad sector on several occasions (1853, 1861 and 1862). He would seem to have defended two contrasting...
Persistent link: https://www.econbiz.de/10010575558
Persistent link: https://www.econbiz.de/10010707527