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Modern theoretical principles to govern the design of incentive regulation mechanisms are reviewed and discussed … incentive r egulation mechanisms to the regulation of prices and service quality for “unbundled” transmission and distribution … networks are presented and discussed. Evidence regarding the performance of incentive regulation in practice for electric …
Persistent link: https://www.econbiz.de/10005783850
Persistent link: https://www.econbiz.de/10005783856
In this paper we examine the effects of interest group pressure and the structure of political institutions on infrastructure deployment by state-owned electric utilities in a panel of 78 countries during the period 1970 – 1994. We consider two factors that jointly influence the rate of...
Persistent link: https://www.econbiz.de/10005784611
outcomes in the countries where it has gone further as well as the necessary adaptations for the banking regulation policy. …
Persistent link: https://www.econbiz.de/10005784930
monopolistic prices, we model an investor's decision problem under a threat of regulation. We show that the mere threat of a … regulator's intervention may prevent supernormal profits without actual price regulation. The regulator, on the other hand, can … influence both the investment decision and the investor's price via her signals on regulation probability and price. …
Persistent link: https://www.econbiz.de/10005785065
The following is a transcription of my discussion of the papers (published in this issue) that were presented in the Panel on Competition Policy in Card-Based Payment Systems session of the Antitrust Activity in Card-Based Payment Systems: Causes and Consequences conference.
Persistent link: https://www.econbiz.de/10005785073
The paper offers a roadmap to the current economic thinking concerning interchange fees. After describing the fundamental externalities inherent in payment systems and analysing merchant resistance to interchange fee increases and the associations' determination of this fee, it derives the...
Persistent link: https://www.econbiz.de/10005785079
of regulation, antitrust and public policy, as applied to the telecommunications, electric power, and railroad and …
Persistent link: https://www.econbiz.de/10005785086
This paper reviews the current empirical literature on competition and market structure of Philippine industries. It shows that weak competition is one of the fundamental factors that explain limited growth, productivity, and employment in the economy. Philippine experience has shown that...
Persistent link: https://www.econbiz.de/10005785210
A calibrated model is used to determine the welfare impacts of various regulatory instruments for improving health. The results of a lab experiment are integrated in a partial equilibrium model representing demands for two kinds of fish, one with higher nutritional benefits (canned sardines) and...
Persistent link: https://www.econbiz.de/10005786306