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coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 … underlined with lessons from (European) electricity and railways. …What is a good balance between competition and coordination in network industries? Network unbundling aims to promote …
Persistent link: https://www.econbiz.de/10010423547
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
could not find any evidence that (ownership) unbundling and incentive regulation affect R&D expenditures of the utilities. …&D spending of electricity utilities. Building on a panel data set including the biggest European utilities from eight EU … of regulation on R&D investment. Nearing competition has a dampening effect on R&D spending, but once the market and …
Persistent link: https://www.econbiz.de/10010337284
efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made … wholesale electricity markets had the largest reductions in nonfuel operating expenses and employment, while investor …
Persistent link: https://www.econbiz.de/10014028681
The degree of liberalization in OECD electricity markets varies considerably across countries. Commonly explained by … elasticity of power demand) the VAT on electricity. …
Persistent link: https://www.econbiz.de/10010492456
papers examining issues in the regulation of railways and submissions from 15 countries describing the regulatory regime for …This publication (of 264 pages) represents the proceedings of a roundtable on regulation and competition issues arising … in relation to railways. The roundtable was held at the OECD in October 1997. The proceedings includes 2 background …
Persistent link: https://www.econbiz.de/10014207631
industries, notably electricity and gas, have lagged behind schedule. Price distortions and the absence of independent ... …
Persistent link: https://www.econbiz.de/10012444204
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
Persistent link: https://www.econbiz.de/10013499396