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Between 1829 and 1853, the Lower Danube region became one of the strategic grain supply points for the Mediterranean entrepôts and a source for supplementing Britain's food requirements. The Crimean War ended in 1856 with Russia's removal from the Mouths of the Danube. In this context, in...
Persistent link: https://www.econbiz.de/10015206845
Marktintegration, d. h. die Einbeziehung in den Steuerungs- und Ver-gütungsmechanismus des Strommarktes, sowie ihrer Systemintegration … in seiner aktuellen Ausgestaltung zur Marktintegration und/oder zur Systemintegration beiträgt, und ob es grundsätzlich … lassen, und welche Zusatzkosten der Integrationsadministrierung dabei entstehen (Effizienz). Während die Marktintegration i …
Persistent link: https://www.econbiz.de/10010310154
This paper seeks an answer to the question of whether the global crisis had a persistent effect on inter-regional income equality and spatial market integration in Russia. Results obtained suggest that the answer is generally negative.
Persistent link: https://www.econbiz.de/10010313278
Based on a relationship between price difference and demand difference among locations, the role of various market frictions in causing segmentation of the Russian goods market is analyzed. The spatial sample covers most of Russian regions (70 of all the 89); the data are yearly, spanning 1992...
Persistent link: https://www.econbiz.de/10010313431
Taking the law of one price as a test for market integration, the spatial set-up of Russia's market integration over 1994-2000 is analyzed with the use of time series of the cost of a staples basket across Russian regions. The law is found to hold for about 50% to 60% of Russian regions,...
Persistent link: https://www.econbiz.de/10010313456
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets that are integrated at the distributor level by parallel imports (PI). The manufacturing firm needs to set these two prices to balance three competing interests: restricting competition...
Persistent link: https://www.econbiz.de/10010320183
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform wholesale prices across locations it would push retail...
Persistent link: https://www.econbiz.de/10010320184
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10010320207
We consider the regulation of national firms in a common market. Regulators can influence the production of national firms but they incur in a positive cost of public funds. First, we show that market integration is welfare improving if and only if the efficiency gains compensate for the...
Persistent link: https://www.econbiz.de/10010264297
Using 25 years of monthly data on individual Japanese retail prices, we study the behavior of product-specific Law of One Price (LOP) deviations. Individual tradable products, compared with nontradables, are more likely to have different distributions of LOP deviations across cities. Their...
Persistent link: https://www.econbiz.de/10010264343