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Maoz, Yishay D. - EconWPA - 2005

The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The analysis shows that the actual investment dilemma is that by delaying investment firms trade off a higher present value of earnings for a lower present value of the...

Persistent link: https://www.econbiz.de/10005556573

Competition Policy for Natural Monopolies in a Developing Market Economy

Ordover, Janusz; Pittman, Russell; Clyde, Paul - EconWPA - 2001

Not all industries in post-socialist countries are appropriate targets for demonopolization and deregulation: as in the West, some "natural monopoly" sectors will require continued regulation to protect consumers from monopoly abuses. This paper focuses on three aspects of the design of...

Persistent link: https://www.econbiz.de/10005561393

Deregulation, Restructuring and Changing R&D Paradigms in the US Electric Utility Industry

Sanyal, Paroma; Cohen, Linda R. - EconWPA - 2005

of selection and intensity. The primary findings are: First, greater deregulation and competition has a positive effect … competition and level and policies for stranded cost recovery do affect spending. Second, the response of R&D to financial and … effective retail competition may mitigate the problem of declining electricity R&D by the utilities. …

Persistent link: https://www.econbiz.de/10005561429

Entry & Exit: The Lifecyle of a Hedge Fund

Gimbel, Thomas; Gupta, Francis; Pines, Dan - EconWPA - 2004

Using data from the TASS/Tremont hedge fund database, this article performs an empirical analysis of the evolution of the hedge fund industry within an industrial organization framework.

Persistent link: https://www.econbiz.de/10005561436

Some Critical Provisions in the Antimonopoly Laws of Central and Eastern Europe

Pittman, Russell - EconWPA - 2001

Antimonopoly laws must contain effective provisions for the attack of exclusionary behavior by firms with market power while at the same time not attacking procompetitive behavior by entrants or incumbents. This paper suggests seven textual criteria by which a new law may be evaluated in its...

Persistent link: https://www.econbiz.de/10005561465

Open Source vs. Proprietary Software: Competition and Compatibility

Meng, Zhaoli; Lee, Sang-Yong Tom - EconWPA - 2005

e use a Hotelling linear city model to study competition between open source and proprietary software, where only the …

Persistent link: https://www.econbiz.de/10005561486

Review of the Gas Access Regime

Commission, Productivity - EconWPA - 2004

The Commission was asked to review the National Third Party Access Regime for Natural Gas Pipelines. The review sought to assess the benefits and costs of the Regime, including its effects on investment. The Commission’s preliminary findings were released for public comment in December 2003...

Persistent link: https://www.econbiz.de/10005561783

Altruism, Spite and Competition in Bargaining Games

Montero, Maria - EconWPA - 2005

This paper shows that altruism may be beneficial in bargaining when there is competition for bargaining partners. In a …

Persistent link: https://www.econbiz.de/10005124853

Information technology innovations and commercial banking: A review and appraisal from an historical perspective

Batiz-Lazo, Bernardo; Wood, Douglas - EconWPA - 2002

Technological innovation in general and information technology (IT) applications in particular, have had a major effect in banking and finance. Following Garbade and Silber (1978), this research reviews the effects on banking organisations with reference to front office or external changes as...

Persistent link: https://www.econbiz.de/10005125842

Information technology innovations and commercial banking: A review and appraisal from an historical perspective

Batiz-Lazo, Bernardo; Wood, Douglas - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005125856