This paper studies the design of a mining concession contract as a multi-period autoselection problem where production is the depletion of a non renewable resource. As compared to symmetric information, we show that overproduction (resp. underproduction) is optimal in the initial phase (resp....

This paper studies the design of a mining concession contract as a multi-period autoselection problem where production is the depletion of a non renewable resource. As compared to symmetric information, we show that overproduction (resp. underproduction) is optimal in the initial phase (resp....

[fre] Nous analysons le contrat de concession concernant l'exploitation d'une ressource non renouvelable lorsque l'opérateur minier détient une information privée sur ses coûts. Nous montrons que l'arbitrage " traditionnel " rente-efficacité consistant à diminuer la production par rapport...

A universal service obligation (USO) that imposes ubiquity and uniform pricing constraints generally creates strategic links among markets served by the universal service provider (USP). In this paper, we show that adding a unit subsidy in the compensation scheme of a USO helps to counteract the...

The process of deregulation in network industries, in particular in the electric sector, raises the problem of financing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...

The transition towards a more competitive regime in network industries (and specially in electricity sector) raises the relevant question of funding for the Universal Service Obligations (USOs). Our paper focuses on two ways of funding for universal service and equal treatment obligations...

Cet article s’intéresse au rôle stratégique de l’activité de stockage du gaz et de sa régulation lorsqu’il existe un marché spot de la ressource. Dans la lignée de la littérature sur ce thème, nous envisageons l’activité de stockage comme un instrument de flexibilité pour les...

This paper compares three schemes for funding Universal Service Obligations in network industries with an essential facility: an uplift to the network access charge, the establishment of a Universal Service (US) fund financed through a lump-sum tax and a US fund financed through a unit tax. The...