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cross-sectoral frameworks (e.g. for competition), it will discipline the behaviour of these agents in the financial sector …
Persistent link: https://www.econbiz.de/10012745579
A computer model was developed at Oak Ridge National Laboratory to analyze the electricity production, costs, and prices for two geographical regions for a single year. Bulk-power trading is allowed between the two regions and market clearing prices are determined based on marginal costs. The...
Persistent link: https://www.econbiz.de/10009437282
conjunctionwith the history of regulation and antitrust intervention in thetelecommunications sector. After discussing the impact of … point to the real danger that theintent of Congress in passing the 1996 Act to promote competition intelecommunications will …
Persistent link: https://www.econbiz.de/10009435083
This paper explores the empirical effects of competition on technical efficiency in the context of electricity industry …
Persistent link: https://www.econbiz.de/10009441993
contracts in Nordic markets, posing questions for regulation in the absence of retail competition. There are alternatives to … supplanting the role of regulation. Revised calculations suggest that the benefits of UK electricity privatisation were higher … regulation of network monopolies. In Australia regulated interconnectors have been less economic than merchant interconnectors …
Persistent link: https://www.econbiz.de/10009442022
. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies …. However, some earlier studies that adopted conventional approaches to measure competition concluded that bank competition in … Panzar- Rosse H-statistic fail to measure competition in Chinese loan markets properly due to the system of interest rate …
Persistent link: https://www.econbiz.de/10012530363
Scientific evidence clearly indicates that consumption of raw milk carries substantialdisease-inducing health risks. While federal U.S. policy mandates that milk moving in interstatecommerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption.Warning labels...
Persistent link: https://www.econbiz.de/10009442762
We consider a quantity-setting duopoly market where firms lack perfect knowledge of the market demand function. They use estimated and therefore misspecified demand functions instead and determine their optimal strategies from the corresponding subjective payoff functions. The central issue of...
Persistent link: https://www.econbiz.de/10009452463
Past research in the field of information systems has explored factors and conditions that are relevant to decision-making in many contexts. However, very little is known about how executives consider, weigh, and integrate these factors. One current school of thought holds that intuition and...
Persistent link: https://www.econbiz.de/10009484511
In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price adjustments similar to that observed in microeconomic data, both for low and high inflation. Our setup is based on one fundamental assumption: price adjustment is more likely when it...
Persistent link: https://www.econbiz.de/10012530218