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Heterogeneous firms and the impact of government policy on welfare and informality

Mendicino, Caterina; Prado, Mauricio - In: Economics Letters 124 (2014) 1, pp. 151-156

We analyze the formality benefits through productivity-enhancing public goods. We document that: benefits from formality matter for firms’ optimal decisions; there is a disconnect between the objectives of maximizing formality versus welfare; this disconnect is mitigated under higher formality...

Persistent link: https://www.econbiz.de/10010784982

Macro-financial determinants of the great financial crisis: Implications for financial regulation

Caprio, Gerard; D’Apice, Vincenzo; Ferri, Giovanni; … - In: Journal of Banking & Finance 44 (2014) C, pp. 114-129

contribute to extend the analytical toolkit available for macro and micro-prudential regulation. …

Persistent link: https://www.econbiz.de/10010785397

Transparency in Electricity Markets

Fehr, Nils-Henrik M. von der - Økonomisk institutt, Universitetet i Oslo - 2013

The European Commission is introducing new regulations on submission and publication of data in electricity markets (SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an evaluation such regulations. I argue that, for market...

Persistent link: https://www.econbiz.de/10010785505

The Boundary Problem in Financial Regulation

Goodhart, Charles - In: National Institute Economic Review 206 (2008) 1, pp. 48-55

system of financial regulation. This paper explores one such concern, i.e. the boundary problem. This arises because … effective regulation, one that actually bites, is likely to penalise those within the regulated sector, relative to those just …

Persistent link: https://www.econbiz.de/10010786213

The regulation of markets with interdependent demands

Fiocco, Raffaele; Scarpa, Carlo - In: Information Economics and Policy 27 (2014) C, pp. 1-12

(imperfect) substitutes and can engage in lobbying activities. Under centralized regulation, a single regulator is established …, whose mandate is to maximize aggregate welfare. Under decentralized regulation, each firm is assigned to a regulator charged … with maximizing the welfare generated by that firm. With asymmetric cost information, centralized regulation results in a …

Persistent link: https://www.econbiz.de/10010786505

Co-Production and Reversed Cream-Skimming in Quasi-markets

DELBONO, F.; LANZI, D. - In: Rivista Internazionale di Scienze Sociali 120 (2012) 2, pp. 201-214

In this paper, we provide a very simple model to shed light on the issue of managed competition in mixed quasi-markets (i.e. regulated markets in which social and for-profit firms coexist). In doing this, we consider the literature on mixed oligopolies as a reasonable reference point and try to...

Persistent link: https://www.econbiz.de/10010786775

Exogenous and Endogenous Set-up Costs in Markets with Customized Products

SCRIMITORE, Marcella - In: Rivista Internazionale di Scienze Sociali 114 (2006) 4, pp. 597-612

In this paper we present a model of spatial competition that highlights firms’ customization strategies in an imperfect competitive environment. The nature of competition in markets with products designed according to consumer preferences is discussed both in a framework of exogenous and...

Persistent link: https://www.econbiz.de/10010786875

Administered Prices and Consumer Price Index: the Influence of Government’s Decisions on Network Industries and Rental Market Prices

GATTINI, Luca - In: Rivista Internazionale di Scienze Sociali 114 (2006) 4, pp. 561-595

Recent studies analyse the dynamic of administered prices. However, the concept of administered prices is not clearly defined in economic literature, and a common approach is missing. This paper gives a brief description of the reasons for administered prices. Moreover, it focuses on the...

Persistent link: https://www.econbiz.de/10010786889

Acuerdos de comercio internacional spot de electricidad

Ibarburu, Mario - Departamento de Economía, Facultad de Ciencias Sociales - 2012

International power trade requires the existence of regulation and a formal agreement between the countries. In South …

Persistent link: https://www.econbiz.de/10010699049

From Exxon Valdez to Oriental Nicety: African environmental issues, accounting and corporate responsibilities

Sy, Aida; Tinker, Tony - In: African Journal of Economic and Sustainable Development 2 (2013) 3, pp. 189-203

This paper investigates the environmental issues caused by the oil exploitations in the US India and in Africa. The paper deals with several questions. Who should be held accountable? What are the roles of the oil companies? What is the responsibility of regulators and governments? How should we...

Persistent link: https://www.econbiz.de/10010699269