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Persistent link: https://www.econbiz.de/10005037394
Gegenstand der vorliegenden Studie ist die optimale Regulierung des Betriebs von Netzwerken, die die Charakteristika … sinnvoll. Für eine optimale Regulierung des Verhaltens des jeweiligen Netzwerkbetreibers ist dabei entscheidend, welche … Regulierung betrachtet werden, werden hier die oft vernachlässigten Effekte auf die Qualität des Netzwerks in den Vordergrund …
Persistent link: https://www.econbiz.de/10008791377
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10009369361
This article describes the main characteristics of the price cap regime of price regulation, including its location …
Persistent link: https://www.econbiz.de/10008596680
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010610448
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/10004963931
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …
Persistent link: https://www.econbiz.de/10005765762
regulation -most notably when the number of firms in the market is low. The paper shows that R&D, FDI and trade liberalization … can improve welfare, and that they can be complements or imperfect substitutes to the need for market regulation. It is … as licences- can reduce significantly the need for regulation while allowing for a more efficient allocation of resources …
Persistent link: https://www.econbiz.de/10005767814
Persistent link: https://www.econbiz.de/10008551632
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …
Persistent link: https://www.econbiz.de/10005067470