The aim of this paper is to assess theoretical consequences of restructuring electricity markets on the environment. We examine changes in potential behaviours in consumption-side as well as in supply-side. We show that restructuring and following access to competition is not neutral from an...

We consider a Cournot Oligopoly market of firms possessing increasing returns to scale technologies. It is shown that an external regulating agency can increase total social welfare without running a deficit. It offers to subsidize one firm an amount which depends on the output level of that...

This paper presents a theoretical conceptualization of Colombia’s National Council of Health Social Security (CNSSS). Using a simple framework of theory of games, it analyzes the voting power of its members, and estimates the indexes of Banzhaf, Shapley-Shubik and Coleman. It shows that the...

The UK gas industry has undergone major changes since it was privatised in 1986 as a fully integrated monopoly. The most significant of these have occurred not as an outworking of the privatisation legislation but by the intervention of the ordinary competition authorities in support of an...

The impact of no-fault automobile insurance on accidents is an empirical issue. Typically, studies conducted in the United States have found that no-fault measures do not affect accidents while studies elsewhere conclude the opposite. In this paper, a micro data set is used which examines the...