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management practitioners in the financial industry and the regulator, to mitigate regulation risk. In its 2018 report, the High … the regulation itself. There would be a risk created by the regulation, a regulation risk.In this paper, it is argued that … a part of the observed short-termism on financial markets is indeed due to a regulation risk based on a falsehood way to …
Persistent link: https://www.econbiz.de/10013309432
The future of Germanys electricity regulation is still an open question. This paper deals with alternative …
Persistent link: https://www.econbiz.de/10011475164
The "revolving door" phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door - The Revolving Door Indicator...
Persistent link: https://www.econbiz.de/10010459790
Persistent link: https://www.econbiz.de/10012956752
opportunities of firms. The detailed indicators refer to: economic regulation concerning market access, the use of inputs, output … choices, pricing and international trade and investment; administrative regulation (i.e. the interface between government …: while regulation for regular contracts has remained largely unchanged, many countries (especially in Europe) have eased …
Persistent link: https://www.econbiz.de/10014172073
This paper is the second of two parts of a general theory of regulation. An effective regulatory system, whether … regulation and that the major cause of regulatory failure, ranging from weak to catastrophic, is from incoherence between one or …
Persistent link: https://www.econbiz.de/10014175985
. Typically, new services are not subject to specific regulation, owing to the risk that this would discourage investment and … intervention to date, an equally valid response is to question the effectiveness of existing regulation. Both new entrants and … benefits for customers and reducing the need for regulation; to assess the impact of public policy on incentives to invest in …
Persistent link: https://www.econbiz.de/10014074756
The paper addresses the question of pricing access to the network facilities of an incumbent firm after deregulation. Network access pricing continues to be regulated in such industries as telecommunications, railroads, electric power and natural gas. We emphasize that access prices should be...
Persistent link: https://www.econbiz.de/10014035273
The shift to competition in utility generation is likely to generate "stranded investments," which are wealth transfers between investors and utility ratepayers. Stranded investments can take either of two forms: (1) "stranded costs" are a transfer from investors to ratepayers that occur when...
Persistent link: https://www.econbiz.de/10014087515
I test theories of regulation using comprehensive datasets on regulatory changes, equity returns, and firm fundamentals …. I find that firms in industries subject to more regulation earn significantly higher returns than firms in deregulated …
Persistent link: https://www.econbiz.de/10014236617