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Biased quality investments and organisational structures in network industries : an application to the railway industry
Pakula, Benjamin; Goetz, Georg - 2011
This paper analyses the incentives to upgrade input quality in vertically related (network) industries. Upstream investments have a biased effect on the downstream companies and lead to vertical product differentiation. Different vertical structures such as vertical integration, ownership and...
Persistent link: https://www.econbiz.de/10008933405
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Restructuring the Chinese freight railway : two scenarios
Cui, Shana; Pittman, Russell W.; Zhao, Jian - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-14
Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus. Early policy statements favoring the creation of above-the-rail competition over a monopoly infrastructure – the "European" model of rail restructuring – have broadened into a...
Persistent link: https://www.econbiz.de/10012814875
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Legally Separated Joint Ownership of Bidder and Auctioneer : Illustrated by the Partial Deregulation of the EU Electricity Markets
Van Koten, Silvester - 2008
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...
Persistent link: https://www.econbiz.de/10012724805
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Taxation, industry integration and production efficiency
Moriconi, Simone - 2016
economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …
Persistent link: https://www.econbiz.de/10011775928
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Upstream horizontal mergers and efficiency gains
Milliou, Chrysovalantou; Pavlou, Apostolis - 2009
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …
Persistent link: https://www.econbiz.de/10010484491
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How to auction an essential facility when underhand integration is possible
Engel, Eduardo; Fischer, Ronald; Galetovic P., Alexander - 2002
Regulating seaports is difficult in general, even more so for the weak regulatory institutions common in developing countries. For this reason some countries have awarded these facilities via Demsetz auctions, to the port operator that bids the lowest cargo-handling fee. A major concern with...
Persistent link: https://www.econbiz.de/10011607677
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A note on the efficiency gains from a refusal to deal in a Bertrand-Nash framework
Nadimi, Soheil R.; Weisman, Dennis L. - In: The B.E. journal of economic analysis & policy 20 (2020) 4, pp. 1-12
Persistent link: https://www.econbiz.de/10012405960
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Strategic vertical separation
Sloev, Igor - 2009
The paper explores incentives for strategic vertical separation of firms in a framework of a simple duopoly model. Each firm chooses either to be a retailer of its own good (vertical integration) or to sell its good through an independent exclusive retailer (vertical separation). In the latter...
Persistent link: https://www.econbiz.de/10003935662
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Vertical disintegration in the European electricity sector : empirical evidence on lost synergies
Gugler, Klaus; Liebensteiner, Mario; Schmitt, Stephan - 2014
The EU has been promoting unbundling of the transmission grid from other stages of the electricity supply chain with the aim of fostering competition in the upstream stage of electricity generation. At presence, ownership unbundling is the predominant form of unbundling in Europe. However, the...
Persistent link: https://www.econbiz.de/10011348069
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Taxation, industry integration and production efficiency
Moriconi, Simone - 2016
economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …
Persistent link: https://www.econbiz.de/10011509397