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Persistent link: https://www.econbiz.de/10005731720
The aim of this article is to analyse the process of technology regulation as a sub-system in the National System of … interest involved in the regulation of technology. Then, by analysing with the experience of regulating biotechnology in … respective regulation models. This discussion turns to the governance of science and technology as a fundamental element of …
Persistent link: https://www.econbiz.de/10005732005
Shareholder dispersion may be valuable because a credible commitment by shareholders not to interfere allows managers to benefit from their initiatives. A tougher regulatory regime for investors decreases the value of the commitment not to interfere implicit in a more dispersed ownership...
Persistent link: https://www.econbiz.de/10005736234
In this paper we develop a model to explain the dividend policy of firms under regulation in order to analyse the role … of dividends in regulated firms. Before estimating the model using the Generalised Method of Moments, we solved the … managers’ interests with those of shareholders in the scenario of regulated firms. In fact, it is more eficient than the ones …
Persistent link: https://www.econbiz.de/10005736278
The paper investigates the optimal regulation of a (software) firm which acts as a natural monopolist, who also offers … a complementary good (IT services) on a competitive market. It is shown that a first-best-regulation accompanyied with …
Persistent link: https://www.econbiz.de/10005739735
policies to compensate the new short-term horizon in which energy sector's firms are evolving, particularly concerning R&D. …
Persistent link: https://www.econbiz.de/10005739848
We consider a Cournot Oligopoly market of firms possessing increasing returns to scale technologies. It is shown that … firm an amount which depends on the output level of that firm. The firms bid for this contract and the regulator collects …
Persistent link: https://www.econbiz.de/10005744212
This document offers a theoretical price regulation model for the postal sector to evaluate the existence of cross …
Persistent link: https://www.econbiz.de/10005747282
This paper presents a theoretical conceptualization of Colombia’s National Council of Health Social Security (CNSSS). Using a simple framework of theory of games, it analyzes the voting power of its members, and estimates the indexes of Banzhaf, Shapley-Shubik and Coleman. It shows that the...
Persistent link: https://www.econbiz.de/10005747283
doubts about the effectiveness of the regulation of gas and electricity, particularly the latter. Opinions tended to be …
Persistent link: https://www.econbiz.de/10005748108