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Yakovlev, Evgeny; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2007

exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a … health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of …

Persistent link: https://www.econbiz.de/10005667109

Regulation and Incentives in European Aviation

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2004

The aim of this Paper is to evaluate simultaneously market power and the incentives faced by carriers to improve efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and estimate a model that includes demand, capacity, and cost...

Persistent link: https://www.econbiz.de/10005667136

Inovatia financiara si dezvoltarea pietelor de capital

Stoica, Ovidiu - In: Analele Stiintifice ale Universitatii "Alexandru Ioan … 52-53 (2006) November, pp. 77-82

opportunities, but also brings new risks. The financial supervisory authorities passed from the regulation and deregulation process … again to the re-regulation process in the intent to insure the stability in the financial markets and a development without …

Persistent link: https://www.econbiz.de/10005668998

Collusion-Proof Yardstick Competition.

Tangeras, T.P. - Institute for International Economic Studies (IIES), … - 1999

This paper analyses the incentives for collusion when an industry is regulated by means of yardstick competition. The central assumption is that firms must write collusive side contracts before the revelation of private information are unable to communicate later.

Persistent link: https://www.econbiz.de/10005669796

Legal Impediments to Effective Rural Land Relations in Eastern Europe and Central Asia. A Comparative Perspective.

Prosterman, R.; Hanstad, T. - World Bank Group - 1999

The World Bank has long been active in the Europe and Central Asia region in monitoring and evaluating land reform developments and supporting the development of land markets. Bank efforts to date have made a significant impact in client countries, and studies produced by the Bank have been used...

Persistent link: https://www.econbiz.de/10005670022

Rate of Return Regulation and the Valuation Basis of Rate Base: the AJ Effect, the Intertemporal Rate Base Effect, and the Book-Valuation Effect

Kidokoro, Y. - Institute of Social and Economic Research (ISER), Osaka … - 1996

We analyse the rate of return (ROR) regulation that is based on the book value of firm's assts, show how the result of … it differ from that predicted from the normal Averch-Johnson (AJ) effect, and compare the book-based ROR regulation with … the market-based ROR regulation. …

Persistent link: https://www.econbiz.de/10005670095

Rate-of-Return Regulation, Price-Cap Regulation, and Quality

Kidokoro. Y. - Institute of Social and Economic Research (ISER), Osaka … - 1995

We build a simple model with quality, show that price-cap (PC) regulation causes distorsions in quality compared to … rate-of-return (ROR) regulation. We next consider methods to correct this distortion, and show the following results: (i …) PC regulation, in which the cap is made contingent on quality, can correct the quality distortion without distorting cost …

Persistent link: https://www.econbiz.de/10005670097

International Competition Between Public or Mixed Enterprises

Bernard, Jean-Thomas; Dupéré, Marc; Roland, Michel - Groupe de recherche en économie de l'énergie, de … - 2003

We develop a model in which two firms from different countries compete on each other domestic market. Each firms is jointly owned by the residents and the government of its country. The extent of the government's stake in the public enterprise is endogenous and it determines the weight given the...

Persistent link: https://www.econbiz.de/10005670259

Incentive Regulatory Policies: the Case of Public Transit Systems in France.

Gagnepain, P.; Ivaldi, M. - Groupe de Recherche en Économie Mathématique et … - 1999

This paper is aimed at assesssing the empirical relevance of the new theory of regulation inspired by the theory of …

Persistent link: https://www.econbiz.de/10005671136

How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard.

Crampes, C.; Hollander, A. - Groupe de Recherche en Économie Mathématique et … - 1992

Persistent link: https://www.econbiz.de/10005671150