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regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against … ecological dumping. It turned out that harmonised policies are rarely optimal under perfect information, but some rationale for … issues rests in their importance for the environmental regulation of the European electricity sector, where imperfect …
Persistent link: https://www.econbiz.de/10011608500
regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against … ecological dumping. It turned out that harmonised policies are rarely optimal under perfect information, but some rationale for … issues rests in their importance for the environmental regulation of the European electricity sector, where imperfect …
Persistent link: https://www.econbiz.de/10005698127
Persistent link: https://www.econbiz.de/10013543022
The principal agent problem is one of the major issues of the credit rating agency market. Is it possible to solve the prevailing incentive problem of the market and contemporaneously satisfy the reputation demand of the investors? This paper presents an option for regulating the credit rating...
Persistent link: https://www.econbiz.de/10009672312
Policy debates on trade and the environment frequently refer to a need for countries linked by trade to co-ordinate, or even harmonise, their purely domestic environmental policies. Underlying this argument is a concern that national governments will not fully internalise environmental...
Persistent link: https://www.econbiz.de/10014215831
Persistent link: https://www.econbiz.de/10001650871
Persistent link: https://www.econbiz.de/10012699648
We study the regulation of a monopolistic firm that provides a non-marketed output based on multiple substitutable … costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the … non-Bayesian regulation can indeed get close to the second best of the Bayesian menu of contracts regulation. …
Persistent link: https://www.econbiz.de/10011442703
We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
Persistent link: https://www.econbiz.de/10011410462