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The aim of this article is to study the technology of the sector represented by the Spanish national post-office and telegraph service, Sociedad Estatal Correos y Telégrafos, S.A. trading as Correos, and denominated as such hereafter. Concretely, we analyse economic efficiency (technical and...
Persistent link: https://www.econbiz.de/10012991545
paper ends in 1980 after which competition and efficiency dominated infrastructure regulation. Since 2005, there has been a …
Persistent link: https://www.econbiz.de/10012942294
The multiple payments settlement systems available in the United States differ on several dimensions. The Fedwire Funds Service, a utility that operates a U.S. large-value payments-settlement service, offers the fastest speed of settlement. Recognizing that payments differ in the urgency with...
Persistent link: https://www.econbiz.de/10013017570
effect of regulation and competition on cable rates. Our calculations indicate that while regulation lowered rates for small … system operators, it raised them for medium and large systems. Meanwhile, competition consistently decreased rates from 5 ….6 to 8.8 percent, with even larger declines during periods of regulation. Our results suggest that competition is more …
Persistent link: https://www.econbiz.de/10010895247
Italian Abstract: Comnciando dal classico paradosso di Cournot viene mostrato quanto siano errate le ipotesi per giustificare una fusione. Viene poi calcolato il risultato di una fusione che lasci nel breve periodo costante la quota di mercato dell'impresa che non partecipa alla fusione e...
Persistent link: https://www.econbiz.de/10012905350
Italian Abstract: Considero le implicazioni sul welfare delle imprese e dei consumatori della la maggior parte delle combinazioni di integrazioni orizzontali e verticali su una filiera in due segmenti in cui ogni segmento possa avere monopolio o oligopolio, bene omogeneo o differenziato,...
Persistent link: https://www.econbiz.de/10012857046
Persistent link: https://www.econbiz.de/10013050076
The freight railways sector has three attributes that have proved problematic for recent experiments with vertical separation: a) a relatively high share of network costs in total delivered service costs, b) an apparent persistence of economies of scale at the "competitive" train operations...
Persistent link: https://www.econbiz.de/10014069085
As part of the Single Market Program the European Commission commanded the liberalization and regulatory harmonization of utilities, transport and telecommunication services. This paper investigates whether and how this process affected the productivity of European network firms. Exploiting the...
Persistent link: https://www.econbiz.de/10013117179
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012804859