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authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the … penalties, if imposed at maximum levels, would extract about 12 times cartel overcharges, a level sufficient to deter most firms … from forming or joining a cartel. However, applying optimal deterrence concepts to the characteristics of modern …
Persistent link: https://www.econbiz.de/10014068819
The study explores the effects on social coverage of services that will potentially be brought about as a result of Mexico's recent Telecommunications Reform. Specifically, the Reform (a) aims to introduce regulation to boost competition, and thereby bridge the market efficiency gap; (b) propose...
Persistent link: https://www.econbiz.de/10013049125
The speed of market penetration (i.e. diffusion) is an important summary measure of how well the market works for potential consumers of a new product. This paper identifies the structural features associated with rapid diffusion of mobile telephony. We use a sample of thirty countries over the...
Persistent link: https://www.econbiz.de/10010594867
The Arctic shelf is the richest region of the world by overall volumes of oil and gas resources. However, countries of the Arctic basin have progressed unequally in developing them. In this article, the authors suggest that the diverging result of these countries in many ways depends on the...
Persistent link: https://www.econbiz.de/10012996453
The oil industry is of great economic significance to many countries, and privatisations of National Oil Companies (NOCs) have often been controversial, as have been the benefits from privatisation more generally. We conduct a social cost-benefit analysis of the partial privatisation of Norway's...
Persistent link: https://www.econbiz.de/10014215194
This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...
Persistent link: https://www.econbiz.de/10014217790
The wave of privatizations Latin America experienced during the 1990s was integral to stabilization programs and a general reordering of states’ roles in the regional economy. Over the past few years, however, these privatizations have come under increasing fire. Their purported adverse...
Persistent link: https://www.econbiz.de/10008636529
The unreliability of electricity supplies is a major cause of the high cost of manufacturing in developing countries. In this paper we are able to measure the cost imposed by power outages and suggest some feasible mitigating measures. The study employs a rich, if not unique, set of data from...
Persistent link: https://www.econbiz.de/10012733784
Households typically receive utility bills where all electricity use during a fixed period of time is lumped together. The lack of direct feedback in the form of marginal costs of using specific electric appliances reduces the attention people give to their energy consumption and potentially...
Persistent link: https://www.econbiz.de/10012997313
This paper provides the first empirical evidence of the distributional effects of subsidies for the purchase of alternative vehicles based on an extended version of Hausman's exact consumer surplus. Consistently with economic theory, we estimate changes in household welfare, inequality and...
Persistent link: https://www.econbiz.de/10012966305