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squeeze can be observed as the competitive outcome rather than exclusionary conduct. If upstream market regulation is non … upstream regulation and a ban are implemented jointly, the DRC-effect vanishes and downstream prices may to rise, leading to a …
Persistent link: https://www.econbiz.de/10013064318
regulation of private activities, is now unfolding in countries on every habitable continent around the world (Livermore and …
Persistent link: https://www.econbiz.de/10013065237
In many jurisdictions, competition authorities and market regulators question the principle of interchange fees. Such fees exist on almost all interbank card payment platforms. It would seem, however, that the European commission would like to go as far as to completely abolish these fees, not...
Persistent link: https://www.econbiz.de/10013073341
Within the sphere of economic and social regulation, two of the longest standing debates concern appropriate regulatory … best and why? Drawing principally from examples in the areas of occupational health and safety and environmental regulation … including Responsive Regulation, Meta-Regulation and Management Based Regulation. It concludes by arguing for context based …
Persistent link: https://www.econbiz.de/10013014613
take account of the distributional consequences of regulation. The academic literature has largely accepted the view that … regulation of greenhouse gases through flexible regulatory tools, in California and at the federal level, respectively. The time …
Persistent link: https://www.econbiz.de/10012926144
interaction of these two systems has not been extensively studied. We examine four different facets of the regulation litigation …
Persistent link: https://www.econbiz.de/10013151431
Access services. Given the present debate over expanding price regulation in this sector, the importance of market definition … on the expected economic effects of regulation is worth evaluating. In this paper, we demonstrate that if geographic … markets are “location specific” and supplied by a monopolist as the proponents of regulation claim, then price regulation …
Persistent link: https://www.econbiz.de/10013154170
benefits of price-cap regulation are not necessarily undermined with the change in the capital structures of the firms. Also …, incentive-based regulation is not necessarily incompatible with high levels of debt. Finally, it is shown that there is still a …
Persistent link: https://www.econbiz.de/10013155687
Why regulate natural monopolies? Conventional economic theory points to the price-marginal cost margin and the ensuing … pursued stable pricing. When pressed, regulators justify rejection of the conventional theory on the grounds of pursuit of … fairness' or equity. Could it be that the conventional economic justification for natural monopoly regulation is flawed? Some …
Persistent link: https://www.econbiz.de/10012725767
Overly strict legal standards are commonly thought to discourage parties from engaging in socially desirable activities. It is explained here, however, that excessive legal standards cannot lead to undesirable curtailment of activities when legal standards are enforced by liability for...
Persistent link: https://www.econbiz.de/10012733164