Die traditionelle Theorie der Regulierung natürlicher Monopole und daraus abgeleiteter wettbewerblicher Ausnahmebereiche konzentrierte sich auf die Frage, welche Regulierungen vorzusehen sind, um einem Mißbrauch der Marktmacht der regionalen Monopolisten auf den Strom- und Gasmärkten zu...

We propose a model of the European gas market where the risk that Russian deliveries are interrupted is endogenized. While Russia's attempts to buy considerable parts of the European downstream industry have faced strong political opposition, we argue that Russian participation in the downstream...

Die Förderung sibirischen Erdgases und der Pipelinebau nach Europa waren das letzte industrielle Mammutprojekt der Sowjetunion - und zugleich eines ihrer erfolgreichsten Wirtschaftsprojekte. Der langfristige Erfolg zeigt sich bis heute im Export von Erdgas aus der Russischen Föderation. Auf...

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random crosssection sample split when calculating the moments of the...

Since 1997 the Hong Kong (HK) government has markedly changed its role from being a mere institution provider to being an active innovation promoter. As such, it has actively implemented innovation policies that focus especially on creating new funding opportunities and establishing several R&D...

This paper analyses academia-industry linkages of the Hong Kong (HK) electronics small- and medium-sized enterprises (SMEs) and investigates the role of active innovation policies in this regard. It uses data collected from a questionnaire survey in HK, focusing on three main academia-industry...

This study focuses on how cross-cultural synergy and friction emerge in Finno-Sinic management communication, decision-making and organisation empowerment. The paper is based on a qualitative methodology and in-depth interviews with Finnish and Chinese subjects in Finnish companies in Hong Kong....