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Investment size and firm's value under profit sharing regulation

Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm s start-up decision relative to a pure price cap...

Persistent link: https://www.econbiz.de/10011509471

Single-till versus dual-till regulation of airports

Czerny, Achim Ingo; Zhang, Anmin - 2015

are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports … activities into the regulation of airport infrastructure charges? This question is addressed in this paper. We discuss basic …

Persistent link: https://www.econbiz.de/10010510068

The interplay between regulation and competitions : the case of universal service obligations

Hörnig, Steffen; Valletti, Tommaso M. - 2002

Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...

Persistent link: https://www.econbiz.de/10011409371

Incentives in regulatory DEA models with discretionary outputs : the case of Danish water regulation

Heesche, Emil; Bogetoft Pedersen, Peter - 2021

Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …

Persistent link: https://www.econbiz.de/10012514429

Delegation of regulation

Kundu, Tapas; Nilssen, Tore - 2017

We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …

Persistent link: https://www.econbiz.de/10011700470

Investment in quality upgrade and regulation of the Internet

Baranes, Edmond; Cuong Hung Vuong - 2020

nondiscrimination regulation that forces the ISP to provide an equal quality upgrade to both CPs, however, can reduce the ISP …

Persistent link: https://www.econbiz.de/10012158085

Competition, regulation and institutional quality

Fabella, Raul V. - 2017

Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … regulation in jurisdictions where institutions are weak. The reasons are: information intensity and asymmetry being greater with …

Persistent link: https://www.econbiz.de/10011635985

Monopoly regulation through cost-based revenue caps employing a base year approach

Gräper, Gerrit; Mankat, Fabian - 2024

costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

Persistent link: https://www.econbiz.de/10014470709

Ramsey pricing revisited : natural monopoly regulation with evaders

Besfamille, Martin; Figueroa, Nicolás; Guzmán, León - 2023

We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...

Persistent link: https://www.econbiz.de/10014414300

Understanding the rise of regulation during the progressive era : what role for Austrian economics?

Law, Marc T. - In: Essays in economic & business history : the journal of … 42 (2024) 2, pp. 99-119

regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …In this article I selectively survey the economic history literature on the rise of regulation in America during the … Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory …

Persistent link: https://www.econbiz.de/10015051914