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Competition Effects in a Liberalized Railway Market
Lang, Markus; Laperrouza, Marc; Finger, Matthias - Institut für Strategie und Unternehmensökonomik … - 2010
This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...
Persistent link: https://www.econbiz.de/10008498987
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The Effects of Increased Competition in a Vertically Separated Railway Market
Lang, Markus; Laperrouza, Marc; Finger, Matthias - Swiss Economics - 2010
This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...
Persistent link: https://www.econbiz.de/10008675789
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Legally Separated Joint Ownership of Bidder and Auctioneer : Illustrated by the Partial Deregulation of the EU Electricity Markets
Van Koten, Silvester - 2008
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...
Persistent link: https://www.econbiz.de/10012724805
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Legally Separated Joint Ownership of Bidder and Auctioneer: Illustrated by the Partial Deregulation of the EU Electricity Markets
Koten, Silvester van - Center for Economic Research and Graduate Education and … - 2007
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...
Persistent link: https://www.econbiz.de/10005086659
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The potential impact of cross-ownership in transmission: An application to the Belgian electricity market
Pepermans, Guido; Willems, Bert - Centrum voor Economische Studiën, Faculteit Economie … - 2005
This paper looks at the potential effect of partial ownership on the generation and the transmission sector of electricity markets. Ideally, in liberalized electricity markets, transmission is separated form generation. The transmission sector is a natural monopoly operated by a regulated...
Persistent link: https://www.econbiz.de/10005503932
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Testing for economies of scope in European railways: an effciency analysis
Growitsch, Christian; Wetzel, Heike - 2007
In this paper, we conduct a pan-European efficiency analysis to investigate the performance of European railways with a … and, thus, produce railway services with a higher level of efficiency. To determine whether joint or separate production … is more efficient, we apply a Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency …
Persistent link: https://www.econbiz.de/10010261671
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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010262533
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A product market theory of worker training
Gersbach, Hans; Schmutzler, Armin - 2003
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010315501
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A product-market theory of industry-specific training
Gersbach, Hans; Schmutzler, Armin - 2006
We develop a product market theory that explains why firms provide their workers with skills that are sufficiently general to be potentially useful for competitors. We consider a model where firms first decide whether to invest in industry-specific human capital, then make wage offers for each...
Persistent link: https://www.econbiz.de/10010315527
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Globalization and general worker training
Gersbach, Hans; Schmutzler, Armin - 2004
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10010315570