The imposition of universal coverage and uniform pricing constraints, as part of the universalservice obligations, makes the universal service provider less aggressive in the price game when itcompetes with a firm that does not cover the whole set of markets (Valletti et al., 2002). In...

mode of production exist that is based on the contributions of many software programmerswithout providing any direct monetary incentives for them? And how can these programmerscoordinate their actions without relying on either the guidance of the price mechanism or thedirection through a...

The assessment of capacity credits for wind energy and the value interpretation is reviewed critically. It is shown that the electricity market values the contribution to system reliability with market prices in a more precise way ...

Der Einzelhandelssektor in Deutschland zeichnet sich, wie auch in anderenLändern der EU, durch einen Strukturwandel aus, der vorrangig Beschäftigungsformenund räumliche Standortverteilungen berührt. Dieser Strukturwandelhat sich bisher in Deutschland im Vergleich zu anderen EU-Ländern nur...

We examine the coexistence of banks and financial markets, studyinga credit market where the qualities of investment projects are notobservable and the investment decisions of entrepreneurs are not contractible...

Platforms operators act as private regulators to increase usage and maximize profits. Their goals depend on the development of the platform: overcoming the chicken-egg problem early on requires attracting platform participants while quality becomes more important later on. Private regulators...

Unabhängige Vermittler erbringen im Rahmen Ihrer Tätigkeiten wichtige Dienstleistungen fürVersicherungsunternehmen und Versicherungsnehmer. Zum einen soll für Versicherungsnehmerin vielen Bereichen passender Versicherungsschutz besorgt werden (Produktauswahl). Darüber hinauskönnen...

Child labor's effect on academic achievement is estimated, using unique data on 3rd and 4th graders in 9 Latin American countries. Cross-country variation in truancy regulations provides an exogenous shift in the ages of children normally in these grades, providing exogenous variation in...

This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...