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We explore the separation of powers between the legislative and the executive branch of government as a way of overcoming the dynamic consistency problem of regulatory policy towards investment. We model the industry as a regulated duopoly. The incumbent is a vertically integrated firm that owns...
Persistent link: https://www.econbiz.de/10010307446
Das Telekommunikationsnetz ist zu einer unverzichtbaren Infrastruktur geworden. Aber die technischen Anforderungen an das Netz sind gewachsen und dünn besiedelte Regionen abgehängt. Damit Unternehmen und Haushalte gigabitfähig werden, ist die rasche Schließung der verbleibenden...
Persistent link: https://www.econbiz.de/10012004639
After lengthy consultations, the German government has agreed to reform the existing incentive regulation ordinance … ('Anreizregulierungsverordung'). Essential for the regulation of power and gas network operators, this ordinance determines the companies' economic …
Persistent link: https://www.econbiz.de/10012004640
Germany faces a qualitative change in communication. Broadband applications and Internet services have created an ecosystem with new value chains. Demand for bandwidth is growing rapidly. In ten years' time we expect a transformation to a gigabit economy that relies on very high capacity...
Persistent link: https://www.econbiz.de/10011777544
This study explores how the design of regulatory incentives proposed by the granting authority has the potential to impact the concessionaire's investment decisions regarding participation in the bidding process, the potential value of grants and the request for a re-bidding process or...
Persistent link: https://www.econbiz.de/10014486120
regionalization could potentially address both these challenges. Regional integration of regulation, combined with regionalization of …
Persistent link: https://www.econbiz.de/10010420593
research project, titled "The Unexpected Consequences and Impacts of the Market Regulation", financed by the Hungarian …
Persistent link: https://www.econbiz.de/10010494596
Real life applications of yardstick regulation frequently refer to historical cost data. While yardstick regulation … profit through abstinence from slack in (infinitely) many periods arises. A ratchet effect that yardstick regulation was …
Persistent link: https://www.econbiz.de/10010513257
financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … international banks, including the reasons for heterogeneity in transmission across banks. The International Banking Research … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that …
Persistent link: https://www.econbiz.de/10011340974
financial crisis. Yet, we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … international banks, including the reasons for heterogeneity in transmission across banks. The International Banking Research … studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory …
Persistent link: https://www.econbiz.de/10010397050