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structure with one firm choosing higher investments. While access regulation imposed on the dominant firm leads to lower prices … network effects leading to potentially increased demand, regulation can substantially lower aggregate social welfare …
Persistent link: https://www.econbiz.de/10010260943
the monopoly is not contestable, i.e. not controlled by a credible threat of entry, regulation is necessary. The essential …; ex ante in stead of ex post regulation. The corporatist solution has the best performance, but it comes at a high price …
Persistent link: https://www.econbiz.de/10010324017
This paper discusses various theoretic concepts which play a role in assessing the public benefits of Target, the large value RTGS payment network operated by the Eurosystem. These concepts touch upon natural monopoly, network externalities, competition and contestability, as well as economies...
Persistent link: https://www.econbiz.de/10011604551
floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …
Persistent link: https://www.econbiz.de/10010369132
relationship between market structure and innovation, that is the effect of regulation on the incentives to innovate of a regulated … monopolistic firm. More precisely, we discuss the influence of price regulation on the economic incentives to undertake costly R …&D effort to discover a new technology. After a discussion of positive approaches to regulation and their relevance for the …
Persistent link: https://www.econbiz.de/10011608314
The Intergovernmental Panel on Climate Change has a monopoly on the provision of climate policy advice at the international level and a strong market position in national policy advice. This may have been the intention of the founders of the IPCC. I argue that the IPCC has a natural monopoly, as...
Persistent link: https://www.econbiz.de/10010277657
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10013177626
We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...
Persistent link: https://www.econbiz.de/10014469391
. Ausweitungen bei der Regulierung sind nur zu rechtfertigen, soweit monopolistische Engpassbereiche betroffen sind. …A current topic in Germany and the EU is the review of railway legislation regarding access and price regulation as … whether unbundling requirements should be extended. Secondly, it discusses a possible new design of price regulation …
Persistent link: https://www.econbiz.de/10010378010
Der Telekommunikationssektor ist diejenige Netzindustrie, die innerhalb der Europäischen Union dem wohl ambitioniertesten Reformprozeß unterworfen wurde. Deregulierung und Privatisierung sind die wesentlichen Bausteine, von denen dauerhaft niedrigere Preisniveaus, beschleunigter technischer...
Persistent link: https://www.econbiz.de/10010291678