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The Economics of Mobile Telephone Regulation
Haucap, Justus - 2003
This paper analyzes how competition works in mobile telecommuncations markets and, bases on this analysis, we discuss … understanding competition in mobile telephony, is the fact that building a mobile telephone network requires highly specific … interconnection and fixed-to-mobile termination may give rise to competition problems. As we argue in this paper, closer analysis …
Persistent link: https://www.econbiz.de/10010263392
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In Vino Veritas: The Economics of Drinking
Heufer, Jan - 2009
context. There is a tradeoff between the efficiency gains due to the signaling effect and the loss of productivity associated …
Persistent link: https://www.econbiz.de/10010271394
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Employee stock options
Børsum, Øystein - 2010
An entrepreneur with information about firm quality seeks financing from an uninformed investor in order to pay a worker. I show that if the worker, too, knows the true quality of the firm, then certain long term wage agreements can credibly signal firm quality. Such wage agreements have a low...
Persistent link: https://www.econbiz.de/10010285589
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A compass to guide EU policy in support of business competitiveness
Erixon, Fredrik; Guinea, Oscar; Lamprecht, Philipp; … - 2022
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
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Negative externalities and equilibrium existence in competitive markets with adverse selection
von Siemens, Ferdinand; Kosfeld, Michael - 2009
on existing theories of competition in markets with adverse selection. …
Persistent link: https://www.econbiz.de/10010276700
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Regulation at home, competition abroad: A theoretical framework
Calzolari, Giacomo; Scarpa, Carlo - 2001
This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...
Persistent link: https://www.econbiz.de/10011608801
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Regulation of Europe's network industries: the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … transaction-cost-political approaches. There has been some progress in recent years in developing such a ‘new economic theory of … federalism’. Basic ideas and some insights of this theory are discussed with regard to the appropriate ‘federal’ allocation of …
Persistent link: https://www.econbiz.de/10010265451
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The regulation of interdependent markets
Fiocco, Raffaele; Scarpa, Carlo - 2011
that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique …
Persistent link: https://www.econbiz.de/10010281488
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Monopolistic screening under learning by doing
Gärtner, Dennis - 2007
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563
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Regulation of an Open Access Essential Facility
Mitra, Manipushpak; Gautier, Axel - 2003
consumers. The regulator designs a mechanism that guarantees financing of the essential input and adequate competition in the …
Persistent link: https://www.econbiz.de/10010263090