Chapter 1. From the Market to the State: New Lessons from Regional Experiences with Power Sector Reform -- Chapter 2. What Have Reforms Delivered So Far? – A Quantitative Analysis on the Impacts of Power Sector Reform in the ASEAN Economies -- Chapter 3. Electricity Market Development in...

We model the contest among full-service advertising agencies as a score auction. The score auction allows the advertiser to select the agency that offers the best combination of creative quality and media cost, and to determine the contract price. To participate in the contest, each agency needs...

This paper presents a model of media competition with free entry when media operators are financed both from advertisers and customers. The relation between advertising receipts and sales receipts, which are both complementary and antagonist, is different if media operators impose a price or a...