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on existing literature, we argue that ex ante regulation could represent a danger for the long-term development of the … infrastructures. We also argue that ex ante regulation is distorting investment itself: incremental investment is privileged as … opposed to radical investment. In this context, we identify three possible options for regulation in the near future: 1 …
Persistent link: https://www.econbiz.de/10005790072
The key role of institutions for economic performance has recently been acknowledged in the economic policy debate …
Persistent link: https://www.econbiz.de/10010765457
in privatization transactions despite some showcase transactions; fifth, regulation and competition have often been …
Persistent link: https://www.econbiz.de/10005413292
China's new Anti-Monopoly Law (AML), over two decades in the making, was finally enacted on August 30, 2007 and on August 1, 2008 will replace the disparate and ineffective competition regime currently in place. Legislators invited the input of a wide array of domestic and foreign legal experts...
Persistent link: https://www.econbiz.de/10012723643
The European Commission's decision to block the GE/Honeywell merger in 2001 ignited a wave of criticism from US antitrust authorities and commentators not seen since the Boeing/McDonnell Douglas merger in the mid-90s. This revealed deep differences in the substance and enforcement of EC and US...
Persistent link: https://www.econbiz.de/10012773669
In light of his original theory of oligopoly, the author discusses the proposed merger of Montecatini and Edison, two major utilities in the chemical sector. The author analyses the potential public and private advantages of the new conglomerate, discussing financial, operational and cost synergies.
Persistent link: https://www.econbiz.de/10010765188
Exit strategies referred to specific industry characteristics have been widely studied in the economic literature (Harrigan, 1980; Ghemawat et al., 1985, 1990; Lieberman, 1990; Reynolds, 1988; Fundenberg et al., 1989; Baptista et al., 2006). These studies show that exit dynamics – by setting new boundaries...
Persistent link: https://www.econbiz.de/10011133592
Persistent link: https://www.econbiz.de/10009225749
€˜for his analysis of economic governance, especially the boundaries of the firm’. …
Persistent link: https://www.econbiz.de/10009395632
institutions - the typical Community pattern - direct administration by the EU institutions or co-administration which implies some … coordination between both types of institutions. In an organic perspective, it can be allocated to the European Commission, EC … prominent, but comes only after reciprocal monitoring of EU and national institutions, parliamentary control, and the prominent …
Persistent link: https://www.econbiz.de/10005029610