Showing 1 - 10 of 12,595
This paper explores the access charge for the use of the Italian rail infrastructure. Access problems arise when the provision of a complete service to end users requires the combination of two or more inputs, one of which is non-competitive (OECD, 2004). It is a well-known fact that excessive...
Persistent link: https://www.econbiz.de/10010991593
and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated …We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …
Persistent link: https://www.econbiz.de/10005124135
competition in information and good markets, and the making of public policies. Media are undergoing constant change in many … distribution channels, the convergence process enable new product, new substitution pattern and a different kind of competition … original media. Regulation and policy follow the same pattern, and need to become more horizontal and media independent. The …
Persistent link: https://www.econbiz.de/10005007355
The main objective of this article is to analyze the economic fundamentals of an asymmetric regulation, as the one in … place in local telephony in Chile, and to discuss the main effects on market competition of different regulatory changes … that has been discussed in the Chilean case. The Chilean telecommunication regulation is asymmetric because there are some …
Persistent link: https://www.econbiz.de/10005690193
controls the incumbent rail service company, Trenitalia. RFI also reported to the Office of Rail Regulation (URSF) of the …
Persistent link: https://www.econbiz.de/10011157937
Our IO approach links optimal effective corporation tax rates to the nature of sunk costs within industries. Theory predicts that optimal effective corporation tax rates will be negatively related to industry specific sunk cost, and hence industry concentration. Governments should tax industries...
Persistent link: https://www.econbiz.de/10012733140
In setting the allowable rate of return of public utilities, U.S. regulatory agencies and the courts continue to rely on the standard discounted-cash-flow (DCF) method based on the Gordon-Miller-Modigliani model of share valuation under constant growth - a model which ignores personal taxes....
Persistent link: https://www.econbiz.de/10012753663
Emission trading has become recently more and more import in environmental regulation. In the context of controlling …
Persistent link: https://www.econbiz.de/10010957441
We study the effects of the car scrapping subsidies in Europe during the financial crisis. We make use of a rich data set of all car models sold in nine European countries, observed at a monthly level during 2005-2011.We employ a difference-in-differences approach, exploiting the fact that...
Persistent link: https://www.econbiz.de/10010957618
This paper shows that urban geography matters to the effectiveness of place-based policies, using the French enterprise zone program as a case study. Whereas this program created more jobs in spatially integrated neighborhoods, its impact on local wages was only visible in the more isolated...
Persistent link: https://www.econbiz.de/10011268996