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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/10014183299
Three decade ago, federal policymakers - Republicans and Democrats - embarked on a general strategy of deregulation in the electricity, gas delivery, and telecommunications industries. The strategy called for restructuring to separate production from the transmission and distribution, followed...
Persistent link: https://www.econbiz.de/10014047844
We discuss network neutrality regulation of the Internet in the context of a two-sided market model. Platforms sell … regulation (requiring zero fees to content providers): there exist parameter ranges for which network neutrality regulation … increases the total surplus compared to the fully private optimum at which the monopoly platform imposes positive fees on …
Persistent link: https://www.econbiz.de/10014048298
Mobile telephony is described as a two-sided market where customers are seen as senders and receivers of communications that are mutually beneficial both to callers and receivers. This has implications in terms of market definition and market power. The economics of mobile call termination is...
Persistent link: https://www.econbiz.de/10014051597
Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and mitigate market power abuse in real time. The performance of automated mitigation procedures is contingent on precise estimates of firms' marginal production costs. Currently, marginal...
Persistent link: https://www.econbiz.de/10013460907
We discuss network neutrality regulation of the Internet in the context of a two-sided market model. Platforms sell … regulation (requiring zero fees to content providers): there exist parameter ranges for which network neutrality regulation … increases the total surplus compared to the fully private optimum at which the monopoly platform imposes positive fees on …
Persistent link: https://www.econbiz.de/10014044110
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/10014164618
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/10005060008
This paper examines (1) the change in commercial banks’ risk taking as states in the United States removed restrictions on bank branching within state borders and (2) the channels through which the removal of these restrictions affect bank risk taking. I find that, after the liberalization of...
Persistent link: https://www.econbiz.de/10010895768
This paper explores, both theoretically and empirically, the impact of granting antitrust immunity (ATI) to airline alliances in a novel and realistic framework characterized by vertically-differentiated air services. Our theoretical model suggests that non-ATI alliances produce an up-market...
Persistent link: https://www.econbiz.de/10012898485