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Economists praise the efficiency of the price mechanism in allocating scarce resources. Others, however, often reject it as unfair. In this study, we investigate the extent to which economists also differ from non-economists in how they value the fairness of the price system, and examine how...
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In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this … addition, fewer advanced economics students judge allocation through the local community as fair when compared to first …
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In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this … addition, fewer advanced economics students judge allocation through the local community as fair when compared to first …
Persistent link: https://www.econbiz.de/10014077234
This paper analyzes the coordination, competition and resource allocation problems associated with telephone numbers …, and it analyzes the advantages and disadvantages of various allocation mechanisms from a property rights perspective. The … paper proposes to move away from current administrative number allocation procedures to a market-based auction mechanism …
Persistent link: https://www.econbiz.de/10014115714
The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....
Persistent link: https://www.econbiz.de/10010956767
Am 26. Februar 2007 hat die EU-Kommission ein beschleunigtes Vertragsverletzungsverfahren gegen Deutschland wegen der Einführung von angeblichen "Regulierungsferien" in dem jüngst novellierten Telekommunikationsgesetz (TKG) eröffnet. Die Kommission vermutet, dass die dort getroffene...
Persistent link: https://www.econbiz.de/10011601717