The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Countries need to adopt policies to “get closer†to global markets. Can improvements in infrastructure and regulation reduce transport costs? Is it worthwhile to implement...

This note investigates the effects of a large horizontal merger on the shape of the 1-to-12 h price menus offered by parking garages in Paris. The merger caused low-end prices to increase proportionally more than high-end prices. This results in larger discounts on longer hours and hence in more...

The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Is it worthwhile to implement policies designed to increase competition in transport markets? Focusing on air transport, this paper quantifies the effects of liberalization of air...

We re-consider the impact that regulation of call termination on mobile phones has had on mobile customers’ bills. Using a large panel covering 27 countries, we find that the “waterbed” phenomenon, initially observed until early 2006, has disappeared over the 10-year period, 2002-2011. We...

The main purpose of this study is to investigate, by using regressions analysis, the DR effect on households' electricity consumption. We employ three kinds of estimation models: a pooled OLS model, a random effect model, and a fixed effect model. Major results are as follows. First, the DR...

Gegenstand dieses Beitrags ist ein Überblick über den Status quo des Strombinnenmarkts und die jüngsten Kommissionsvorschläge für eine Änderung der Stromrichtlinie und den Erlass einer Netznutzungsverordnung für grenzüberschreitende Stromlieferungen. Besonderes Augenmerk wird der Frage...

Die detaillierte Untersuchung von Unternehmensagglomerationen bzw. der räumlichen Ballung von Produktionsaktivitäten war ein wesentliches Analyseziel des Forschungsprojekts 'Die Bedeutung von Innovationsclustern, sektoralen und regionalen Innovationssystemen zur Stärkung der globalen...

Before 1990, the services of general interest (SeGI) in Romania were entirely provided by the public authorities. Afterwards, the market was gradually liberalized and the SeGI captured the attention of private operators. Nowadays, the business sector is involved next to the public authorities in...

One of the debates in the capital budgeting model selection is between the free cash flow and DCF methods. In this paper an attempt is made to compare SVA against NPV model based on Monte Carlo simulations. Accordingly, NPV is found less sensitive to value driver variations and has got higher...

The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...