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conventional uniform regulation (UR) and to differentiated integration (DI). The paper tackles this question through a comparative … be a necessary condition for synchronic uniformity of regulation within a heterogeneous polity like the EU. Our findings … on EU banking regulation, where non-euro Member States may opt out of the Single Supervisory Mechanism (SSM), but where …
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In this paper prepared for the Miller Upton Forum on the Wealth and Well-Being of Nations, Kiesling asks why in this digital age the basic technology supporting the production and distribution of electric power has changed so little since the industry’s birth in the early twentieth century....
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In the process of regulatory reform in the electric power industry, the mitigation of market power is one of the basic problems regulators have to deal with. We use experimental data to study the sources of market power with supply function competition, akin to the competition in wholesale...
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Despite the efforts of restructuring power markets over the last decades, the lack of demand response in the retail electricity markets remains a significant concern. Possible demand response would help to reduce prices and volatility by better matching supply and demand through improved price...
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We study a problem in which policymakers need to screen self-selected individuals by unobserved heterogeneity in social welfare gains from a policy intervention. In our framework, the marginal treatment effects and marginal treatment responses arise as key statistics to characterize social...
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