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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

Use of Long-term Auctions for Network Investment

McDaniel, Tanga; Neuhoff, Karsten - 2003

Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...

Persistent link: https://www.econbiz.de/10011325061

Investment Size and Firm's Value Under Profit Sharing Regulation

Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...

Persistent link: https://www.econbiz.de/10011325118

Regulated input price, vertical separation, and leadership in free entry markets

Matsumura, Toshihiro; Matsushima, Noriaki - 2012

We examine incentives of bottleneck facility holders to manipulate access charge accounting in free entry downstream markets. We consider the situation wherein one firm holds an upstream bottleneck facility and new entrants use it at the regulated price (access fee) to provide final products....

Persistent link: https://www.econbiz.de/10010332450

Regulation of Cost and Quality under Yardstick Competition

Tangerås, Thomas P. - 2002

This paper analyses simultaneous regulation of cost and quality when firms have private, correlated information about …

Persistent link: https://www.econbiz.de/10010334894

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

Regulation under Financial Constraints

Gautier, Axel - 2002

This article studies the problem of regulating a monopolist with unknown marginal cost. The originality of the paper is to consider that the regulator faces a cash-in-advance constraint. The introduction of such a constraint not only reduces the amount of public good provided but also limits the...

Persistent link: https://www.econbiz.de/10010263052

The Economics of Mobile Telephone Regulation

Haucap, Justus - 2003

shows that these problems do not automatically imply that sector specific regulation is warranted. The same hold for the … specific regulation of mobile telephone markets. The social welfare loss that would arise from such regulations are estimated …

Persistent link: https://www.econbiz.de/10010263392

Regulating national firms in a common market

Biancini, Sara - 2008

We consider the regulation of national firms in a common market. Regulators can influence the production of national …

Persistent link: https://www.econbiz.de/10010264297

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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