economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …

The purpose of this study is to analyze the cost efficiency of electricity distribution systems in order to enable … regulatory authorities to establish price- or revenue cap regulation regimes. The increasing use of efficiency analysis in the … last decades has raised serious concerns among regulators and companies regarding the reliability of efficiency estimates …

the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … groups may give rise to merger efficiency gains. We exploit the industry setting to employ a difference … did not lead to any merger specific efficiency gains for the merging parties. Our study relies on the use of several …

This study examines whether a public-private partnership (PPP) arrangement improved operational cost efficiency in …

the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … groups may give rise to merger efficiency gains. We exploit the industry setting to employ a difference … did not lead to any merger specific efficiency gains for the merging parties. Our study relies on the use of several …