Showing 221,241 - 221,250 of 222,751
Electricity is one of the last U.S. industries in which competition is replacing regulation. We briefly review the …
Persistent link: https://www.econbiz.de/10005399483
be an important determinant of how well markets function. This paper explores the role of regulation in affecting … strong causal link between regulatory quality and economic performance. The results confirm that "good" regulation is …
Persistent link: https://www.econbiz.de/10005513506
Industrialization of the food and agricultural sectors changes the pattern of external effects. Participants helped or harmed in the process attempt to influence outcomes through markets and politics. Decisions about property rights and boundaries determine benefits and burdens and the relative...
Persistent link: https://www.econbiz.de/10005513964
One of the critiques to the regulatory framework of the Chilean electricity sector is the lack of flexibility for regulated prices (nodal prices) to adapt to changes in supply and demand. We develop a simple model to estimate welfare losses when using uni
Persistent link: https://www.econbiz.de/10005515150
This paper studies firms’ incentives to invest in environmental R&D under different market structures (Cournot and … market strategic effects, R&D incentives vary widely across market structures and instruments. For example, when firms …
Persistent link: https://www.econbiz.de/10005515209
desirability of regulation. Thirdly, technological advances and financial innovations have made it easier for firms to engage in …, resulting in a less than socially optimal level of regulation overall. It is therefore important that national authorities …
Persistent link: https://www.econbiz.de/10005515393
We construct a model to analyze the willingness of Health Authorities to reach agreements with private hospitals to have some of their public sector patients treated there. When physicians are dual suppliers, we show that a problem of cream-skimming arises and reduces the incentives of the...
Persistent link: https://www.econbiz.de/10005515877
there are wider economic benefits. This paper examines the situation where the market for transport provision operates under … a regulatory regime. The impact of regulation has tended to focus on the price and output decision rather than the …
Persistent link: https://www.econbiz.de/10005515996
& Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing … regulation is costly. The model shows that minimum rating standards increase the social value of credit ratings. The model also … analyzes implications for regulation in the presence of conflicts of interest between the CRA and the rated clients by direct …
Persistent link: https://www.econbiz.de/10005518254
price unbundling and rebalancing; in utility commercialisation; in industry and market restructuring and liberalisation; and … in privatisation, as well as the development of economic regulation. For the reasons outlined above, we will explore the …
Persistent link: https://www.econbiz.de/10005518436