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announcement of the tax rate seems to be preferable to solve hold-up problems with respect to the investment in environmental R …
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Recovery of stranded costs is perhaps the most litigious issue encountering regulators in promoting competition in United States and European utility industries. We build a dynamic model of Cournot competition which takes into account a particular regulatory mechanism regularly employed in...
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We develop an oligopoly model in which firms facing unionised domestic labor markets choose between producing an … intermediate good in-house and outsourcing it to a nonunionised foreign supplier that makes a relationship-specific investment in …
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