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Modern theoretical principles to govern the design of incentive regulation mechanisms are reviewed and discussed … incentive regulation mechanisms to the regulation of prices and service quality for "unbundled" transmission and distribution … networks are presented and discussed. Evidence regarding the performance of incentive regulation in practice for electric …
Persistent link: https://www.econbiz.de/10014061352
product or labour market regulation fail to measure structural reform as they focus on cross-country comparisons rather than …
Persistent link: https://www.econbiz.de/10011504483
that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of …
Persistent link: https://www.econbiz.de/10012514429
Persistent link: https://www.econbiz.de/10011914064
Persistent link: https://www.econbiz.de/10012142269
During the subprime financial crisis of 2007-2009, the U.S. transformed its policies from a focus on privatization and deregulation to one where the government plays an active role as a market participant. By the end of the 2009 fiscal year, the U.S. government became one of the largest...
Persistent link: https://www.econbiz.de/10013133324
Regulatory impact assessment (RIA) is a relatively new tool that has been introduced into the legislative system of the Czech Republic, Slovakia and Slovenia. To streamline its implementation, all three countries have decided to conduct a pilot RIA in a very similar area — administrative...
Persistent link: https://www.econbiz.de/10013118187
I construct a two-country multisectoral model of capital accumulation, endogenous technological change, trade, and foreign direct investment, whose steady states explain the main features of globalization: (a) increased economic participation of transnational corporation (TNC) profits, (b)...
Persistent link: https://www.econbiz.de/10013089923
displaying regulatory capture, the evidence is consistent with robust regulation against ‘monopoly' incumbents …
Persistent link: https://www.econbiz.de/10013064675
This paper analyses J.S. Mill's theory on the relationships between individual autonomy and State powers. It will be argued that there is a significant discrepancy between Mill's general liberal statements aimed to secure individual largest possible autonomy and the specific examples which...
Persistent link: https://www.econbiz.de/10013065132