Chapter 1. From the Market to the State: New Lessons from Regional Experiences with Power Sector Reform -- Chapter 2. What Have Reforms Delivered So Far? – A Quantitative Analysis on the Impacts of Power Sector Reform in the ASEAN Economies -- Chapter 3. Electricity Market Development in...

This paper investigates competition for advertisers in media markets when viewers can subscribe to multiple channels. A central feature of the model is that channels are monopolists in selling advertising opportunities toward their exclusive viewers, but they can only obtain a competitive price...

We model the contest among full-service advertising agencies as a score auction. The score auction allows the advertiser to select the agency that offers the best combination of creative quality and media cost, and to determine the contract price. To participate in the contest, each agency needs...