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A Short Note on Brexit : Telecommunications Issues after the Referendum
Sutherland, Ewan - 2016
In a referendum on 23rd June 2016, the United Kingdom (UK) voted for ‘Brexit’, i.e., to leave the European Union (EU). After some delay the government will invoke Article 50 TEU, which would begin a two-year period of negotiation for a withdrawal agreement, after which the EU treaties would...
Persistent link: https://www.econbiz.de/10014034908
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Auctioning of CO2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme
Benz, Eva; Löschel, Andreas; Sturm, Bodo - 2008
The 'Climate action and renewable energy package' proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...
Persistent link: https://www.econbiz.de/10010298657
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Central Bank Liquidity Auction Mechanism Design and the Interbank Market
Ollikka, Kimmo - 2013
We study whether the mechanism design in the central bank liquidity auctions matters for the interbank money market interest rate levels and volatility. Furthermore, we compare different mechanisms to sell liquidity in terms of revenue, efficiency and auction stage interest rate levels and...
Persistent link: https://www.econbiz.de/10013075449
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Competition in Procurement Markets : The Case of Medical Devices in Europe
Decarolis, Francesco - 2019
This paper analyzes how features of the procurement system laid down by the EU Procurement Directives affect the … analysis of competition in public procurement markets. It presents the bidding systems allowed under the EU rules and provides … a general framework to assess competition concerns for the public procurement auctions characterizing it. It concludes …
Persistent link: https://www.econbiz.de/10012860424
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Private ex-ante transaction costs for repeated biodiversity conservation auctions: A case study
Groth, Markus - 2008
The European Union's Council Regulation (EC) No 1698/2005 on support for rural development by the European Agricultural Fund for Rural Development has introduced promising changes in rewarding farmers by the implementation of conservation auctions and granting farmers' transaction costs. The...
Persistent link: https://www.econbiz.de/10010265177
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The Scope of the EU Alternative Investment Fund Managers Directive (2011/61/EU) and Its Significance for EU Investment Funds Law
Gortsos, Christos - 2017
This study aims to analyse the provisions of the Alternative Investment Fund Managers Directive of the European Parliament and of the Council (2011/61/EU) which pertain to its scope. It is divided into two Sections:(a) Section A offers an overview of the legal framework governing alternative...
Persistent link: https://www.econbiz.de/10012952364
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Membership Mechanism
Yoo, Seung Han - 2021
This paper studies an environment in which a seller seeks to sell two different items to buyers. The seller designs a membership mechanism that assigns positive allocations to members only. With the member set and a membership fee, the seller finds a revenue-maximizing incentive compatible...
Persistent link: https://www.econbiz.de/10013239738
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Bid Caps and Disclosure Policies
Chen, Bo - 2020
We examine the effect of publicly disclosing or concealing bidders' types in an all-pay auction with a common bid cap. We call partial (full) disclosure policy the setup where the contest designer's disclosure policy is (not) contingent on type realization. Despite a bid cap possibly increasing...
Persistent link: https://www.econbiz.de/10012827848
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Should We Tax or Cap Contributions? : A Lobbying Model with Policy Favors and Access
Cotton, Christopher - 2013
This paper develops a model of political contributions in which a politician can either sell policy favors, or sell access. Access allows interest groups to share hard information with the politician in support of their preferred policy. Here selling access maximizes policy utility, while...
Persistent link: https://www.econbiz.de/10013095917
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Credit Availability in the Crisis : Which Role for the European Investment Bank Group?
Fedele, Alessandro - 2010
In this paper we consider a moral hazard problem between a creditworthy firm which needs funding and a bank. We first study under which conditions the firm does not obtain the loan. We then determine whether and how the intervention of an external financial institution can facilitate the access...
Persistent link: https://www.econbiz.de/10013137864