We examine the incentives of access-regulated firms to invest in infrastructure facilities they must share with competitors. The non-strategic incentives imply that investment depends positively on the market size. The strategic incentives imply that investment also depends on market...

Compared to traditional cost-of-service (COS) regulation, electricity retail competition may lead to lower costs but higher markups. Thus, the net effect on electricity retail prices is ambiguous. This paper uses a difference-in-difference approach to estimate the impact. The results suggest...

<Para ID="Par1">Compared to traditional cost-of-service regulation, electricity retail competition may lead to lower costs but higher markups. Thus, the net policy effect on the average electricity retail price is ambiguous. This paper uses a difference-in-difference approach to estimate the policy impact for...</para>

After the events of 9/11, U.S. counterterrorism became more proactive in that the Patriot Act allowed the authorities far more freedom to directly attack terrorist network structures. We argue that rational terrorists will attempt to thwart such policies and restructure themselves to be less...

The low representation of female workers in elite jobs is sometimes attributed to a tail effect: If the human capital distribution exhibits less variation among females than among males, then even with comparable average human capital there will be fewer females in the right tail than males....

Evidence suggests, albeit tentatively, that feed-in tariffs (FITs) are more effective than alternative support schemes in promoting renewable energy technologies (RETs). FITs provide long-term financial stability for investors in RETs, which, at the prevailing market price of electricity, are...

In our model, production of a final good requires access to an excludable resource owned by an integrated firm. The quality of the resource depends on an investment by the owner and impacts the downstream demand curve. Under open access, the owner must share the resource with downstream...