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Persistent link: https://www.econbiz.de/10003584328
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the...
Persistent link: https://www.econbiz.de/10009583432
; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …
Persistent link: https://www.econbiz.de/10003894164
Persistent link: https://www.econbiz.de/10003968289
Persistent link: https://www.econbiz.de/10009734456
This article challenges the plausibility of one of the cornerstones of the law and economics literature the prospect of under-investment in precontractual reliance (PCR). It shows that a negotiating party may well be motivated to invest in PCR not only through her expectation to extract the...
Persistent link: https://www.econbiz.de/10012708038
competitive retail electricity market under continuous price regulation, and discuss policy implications …
Persistent link: https://www.econbiz.de/10012930852
such regulation is in all instances inappropriate or uncalled for. Instead, all we mean is that there are counterarguments … utility-like regulation of internet platforms is that these platforms can become “natural monopolies” which tend to forestall … turn has allowed entrants to unseat what were once thought to be entrenched incumbents. Regulation risks quashing such …
Persistent link: https://www.econbiz.de/10012823175
's Regulation NMS. The theory behind Regulation NMS is that a system of dispersed markets operating pursuant to SEC … that Regulation NMS has failed in that quest. It has produced fragmented markets and created questionable incentives for … customers' interests, and forces the SEC to act as a price regulator.The paper contends that the SEC should replace Regulation …
Persistent link: https://www.econbiz.de/10012831794