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Persistent link: https://www.econbiz.de/10012136081
Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...
Persistent link: https://www.econbiz.de/10011506643
; cost uncertainty ; Cournot competition ; First Best ; Second Best ; capacity obligations ; spot market regulation. …
Persistent link: https://www.econbiz.de/10003894164
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the...
Persistent link: https://www.econbiz.de/10009583432
We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no …; (iii) variations in Quality of Service and price discrimination but no exclusive contracts; and (iv) no regulation: the …
Persistent link: https://www.econbiz.de/10013107376
We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on the level of forward contracting. Following Bushnell, Mansur, and Saravia (2008), we develop a Cournot model of Alberta's wholesale electricity market that incorporates firms'...
Persistent link: https://www.econbiz.de/10012986898
This paper examines the competitive effects of reorganizing a network industry's vertical structure. In this industry, an upstream monopolist operates a network used as an input to produce horizontally differentiated final products that are imperfect substitutes. Three potential pitfalls of...
Persistent link: https://www.econbiz.de/10012746341
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
Persistent link: https://www.econbiz.de/10012108481
This paper investigates how privacy regulation affects the structure of online markets. We provide a simple theoretical … derive empirically testable hypotheses regarding a possibly asymmetric effect of privacy regulation on large and small firms … using a diff-diff-diff model with heterogeneous treatment timing. Our theoretical model predicts that privacy regulation may …
Persistent link: https://www.econbiz.de/10011969027
The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive and negative effects. The negative effects have been stark. There have been huge disruptions caused by e-commerce. More recently, subtler, but even more serious negative effects...
Persistent link: https://www.econbiz.de/10012151937