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In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10010358241
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10010519927
network industries like telecommunications, electricity and railways and has sparked off a controversy in the literature. The …This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a …. The insights are applied to the electricity supply industry in Germany. …
Persistent link: https://www.econbiz.de/10010492296
, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues - the European policy … concerning complex vertical contracts, regulatory reform of the electricity industry and the allocation of regulatory …
Persistent link: https://www.econbiz.de/10011490672
We compare the short-run welfare effects of two types of settlement agreements, quot;reverse paymentsquot; of the brand-name drug makers to generic producers not to enter the market and delayed entry when these payments are restricted both under the entry injunction (imposed by the Hatch-Waxman...
Persistent link: https://www.econbiz.de/10012752136
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10013320597
electricity markets had failed to reach their targets. Similar findings can be made in the postal and transport sectors. Several …. First, sector-specific regulation can be used to address market failures, such as, for instance, the presence of bottlenecks … of this paper will be on ex ante regulation. There is indeed considerable debate regarding the regulatory framework …
Persistent link: https://www.econbiz.de/10014057544
, challenge antitrust and regulation policy. The paper focusses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues -- the European … antitrust policy concerning complex vertical contracts, regulatory reform of the electricity industry and the allocation of …
Persistent link: https://www.econbiz.de/10014114861
, challenge antitrust and regulation policy. The paper focusses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues - the European … antitrust policy concerning complex vertical contracts, regulatory reform of the electricity industry and the allocation of …
Persistent link: https://www.econbiz.de/10014114862