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This paper addresses the role of independent insurance intermediaries in markets where matching is important. A controversial matter in the discussion concerning insurance interme- diation is the issue of compensation customs and how the latter affect prices, rents and advice quality in...
Persistent link: https://www.econbiz.de/10010485386
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791
regulation becomes inappropriate as soon as non-aviation revenues increase above 50% of all airport revenues. -- airport … regulation ; aviation and non-aviation revenues ; complementarity of aviation and non-aviation ; locational rents …
Persistent link: https://www.econbiz.de/10003840052
difficult to achieve at the same time. In this paper, we consider price regulation in the retail and wholesale market and answer … access price regulation is an effective instrument to make the entrant and consumers better off. …
Persistent link: https://www.econbiz.de/10011409202
-based regulation is not appropriate for interchange fees or any other regulation of price structures in two-sided markets. With the …
Persistent link: https://www.econbiz.de/10013129160
the existing network to provide advanced services. We study the impact of access regulation on the type of entry and on … firms' investments. Without regulation, we find that the incumbent sets the access charge to prevent resale based entry and … this overstimulates rival's investment that may turn out to be socially inefficient. Access regulation may discourage …
Persistent link: https://www.econbiz.de/10013138681
This article studies how the managers of a regulated firm can use debt and equity contracts to constrain the regulator's policy through the contingent transfer of control to external investors with high relative liquidation value. External finance increases regulated income and facilitates...
Persistent link: https://www.econbiz.de/10013118682
We examine the effects of mobile termination rate regulation in asymmetric oligopolies. We do this by extending …
Persistent link: https://www.econbiz.de/10013118918
Assets with a value of over $130billion are regulated in Australia. We define regulatory risk as being regulation that …
Persistent link: https://www.econbiz.de/10013120536
We extend the analysis carried out by Valletti (2000) by considering an environmental externality in a vertically differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement.We show that, if the weight of the external effect is high enough, the resulting...
Persistent link: https://www.econbiz.de/10013125252