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Oligopoly equilibria in electricity contract markets
Springer Science and Business Media LLC - - 2007
International Benchmarking for Monopoly Price Regulation: The Case of Australian Gas Distribution
Springer Science and Business Media LLC - Tập 21 - Trang 191-216 - 2002
Price-cap regulation is widely applied to network industries. However, regulators often encounter the problem of asymmetric information on efficient costs. Benchmarking can help reduce this problem. We present a benchmarking analysis, conducted for an Australian regulator, that derives measures of efficiency for Australian gas distributors relative to U.S. counterparts. Several techniques, such as...... hiện toàn bộ
Efficient Entry, Monopoly, and the Universal Service Obligation in Postal Service
Springer Science and Business Media LLC - - 1998
This paper analyzes the nature of and justification for the Universal Service Obligation (USO) and its relationship to the Reserved Area for Postal Service. This is motivated by problems of funding the USO in the face of increasing competition in the postal sector. After reviewing various approaches to defining and funding the USO, we develop a model to consider the optimal scope of both the Reser...... hiện toàn bộ
The impact of the judicial objective function on the enforcement of environmental standards
Springer Science and Business Media LLC - Tập 37 - Trang 196-214 - 2009
We investigate the influence of a judge’s objective function on the type of sanctions used for enforcing environmental standards. We focus on the difference between monetary and non-monetary penalties. We examine the extent to which judges take social costs of sanctions into account when making judgments in court in the context of environmental violations. We also conduct an empirical analysis to ...... hiện toàn bộ
Deregulation, competition, and the network size in the market for telecommunication services
Springer Science and Business Media LLC - Tập 6 - Trang 283-296 - 1994
This paper analyzes the networking aspect in telecommunication services and the recent divestiture and increased competitiveness of the industry. The product considered is the right to access the network. The utility of a consumer from having access to a network depends on the network's quality, defined by the number of other local and long-distance consumers which can be reached. Network services...... hiện toàn bộ
Using real-time electricity data to estimate response to time-of-use and flat rates: an application to emissions
Springer Science and Business Media LLC - Tập 42 Số 2 - Trang 135-158 - 2012
Incentive Regulation and The Cost Structure of The Local Telephone Exchange Network
Springer Science and Business Media LLC - - 1997
This paper combines an engineering process model of the cost of local exchange telecommunications firms with an analytical model of optimal incentive regulation (with ex post cost observability), to study empirically the properties of the optimal regulatory mechanism. Relying on detailed properties of the cost function, we examine three issues: (i) the extent of natural monopoly when informational...... hiện toàn bộ
Regulating a risk-averse firm under incomplete information
Springer Science and Business Media LLC - Tập 34 - Trang 75-85 - 2008
We examine the optimal regulatory policy for a risk-averse firm when the firm is imperfectly informed about its efficiency parameter for a project at the time of contracting. The firm’s risk aversion shifts the optimal regulatory policy from a fixed-price contract to a cost-plus contract. The optimal regulatory policy entails undereffort by an inefficient firm as in Laffont and Tirole (J Polit Eco...... hiện toàn bộ
Asymmetric Demand Information in Uniform and Discriminatory Call Auctions: An Experimental Analysis Motivated by Electricity Markets
Springer Science and Business Media LLC - Tập 23 - Trang 125-144 - 2003
We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two auction institutions. In our treatment condition some sellers have less information than in our baseline conditions. In both conditions transaction prices and pr...... hiện toàn bộ
Prices and Outputs Under Cable TV Reregulation
Springer Science and Business Media LLC - Tập 12 - Trang 173-195 - 1997
Cable television reregulation in October 1992 did succeed in constraining subscriber bills about 9% below trend by October 1994. Yet, the growth rate of basic cable television subscribership fell sharply during the period of rate reductions. Only when real rates began rising in the period following October 1994—after an explicit relaxation of controls—did reliable industry output measures return t...... hiện toàn bộ
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