This study explores how direct online booking affects the variation in hotel bed-places occupancy rate between peak and off-peak periods, thereby contributing to three strands of literature, respectively the determinants of seasonality, the tourist information acquisition process and the impact...

We estimate the bene ts resulting from completely interconnecting the Italian electricity spot market. The market is currently divided into two geographic zones - North and South - with limited interzonal transmission capacity that often induces congestion, and hence potential inefficiency. By...

This paper studies fiscal federalism when regions differ in voters’ ability to monitor public officials. We develop a model of political agency in which rent-seeking politicians provide public goods to win support from heterogeneously informed voters. In equilibrium, voter information...

We estimate the benefits (in terms of savings to end-users) resulting from an improved interconnectivity in the Italian electricity spot market. The market is currently divided into two geographic zones - North and South - with limited inter-zonal transmission capacity that often induces...

This paper studies fiscal federalism when voter information varies across regions. We develop a model of political agency with heterogeneously informed voters. Rent seeking politicians provide public goods to win the votes of the informed. As a result, rent extraction is lower in regions with...

Intro -- Contents -- Series Foreword -- I Introduction -- 1 Public Infrastructure Provisioning -- 2 Actors and Innovations in the Evolution of Infrastructure Services -- II Investment, Growth, Policy Issues -- 3 Population Density, Optimal Infrastructure, and Economic Growth -- 4 Infrastructure...

chapter 1 Introduction -- chapter 2 A brief history and theory of electric utility regulation in the United States -- chapter 3 A decentralized coordination framework for analyzing regulatory institutions -- chapter 4 Rethinking retail regulation: Enabling active demand and retail choice --...