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The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...
Persistent link: https://www.econbiz.de/10013318164
The Association of Southeast Asian Nations (ASEAN) intends to create the ASEAN Economic Community (AEC) as a single market, to be completed by 2020. The single market will boost the competition in both ASEAN's internal and external markets, which will spur innovation. Creative innovation will...
Persistent link: https://www.econbiz.de/10013061529
feedback loops, rather than high and non-transitory barriers to entry, competition policy and regulation should avoid … undermining first-mover advantages through access regulation, as this is likely to result in trade-offs on innovation by all …
Persistent link: https://www.econbiz.de/10012828760
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …
Persistent link: https://www.econbiz.de/10011591153
In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10010358241
coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …
Persistent link: https://www.econbiz.de/10010423547
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … regulation in jurisdictions where institutions are weak. The reasons are: information intensity and asymmetry being greater with …
Persistent link: https://www.econbiz.de/10011635985
roaming services. The investigation and analysis find that there are currently low levels of alignment in regulation between … operator costs is asymmetric, making regulation challenging, as this affects the extent to which the relationship between costs …-the-top services. Attention therefore needs to be paid to the harmonization of regulation regarding Internet-related services. Here …
Persistent link: https://www.econbiz.de/10012595887
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …
Persistent link: https://www.econbiz.de/10011325060