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Core-stable rings in auctions with independent private values

Biran, Omer; Forges, Françoise - 2010

) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …

Persistent link: https://www.econbiz.de/10010273875

Price Effects of the Austrian Fuel Price Fixing Act : A Synthetic Control Study

Becker, Maike; Pfeifer, Gregor; Schweikert, Karsten - 2021

Fuel prices are commonly perceived to be excessively high, which regularly triggers political discussions about fuel price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level and to protect them from sudden price fluctuations. Such...

Persistent link: https://www.econbiz.de/10013250741

Prices Versus Quantities Reassessed

Karp, Larry S. - 2019

“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...

Persistent link: https://www.econbiz.de/10012892252

Impact of Roaming Regulation on Revenues and Prices of Mobile Operators in the EU

Grzybowski, Lukasz; Munoz-Acevedo, Ángela - 2021

We empirically assess the impact of the EU roaming regulation on mobile operators’ average revenues per user (ARPU) and retail prices. Using a differences-in-difference approach, hedonic price regressions and detailed operator and plan-level data we find that the regulation decreased mobile...

Persistent link: https://www.econbiz.de/10013216252

Evaluating the Impact of Price Caps - Evidence from the European Roam-Like-At-Home Regulation

Canzian, Giulia; Mazzarella, Gianluca; Verzillo, Stefano; … - 2021

The roam-like-at-home regulation (RLAH) eliminated all mobile roaming surcharges to Eu-ropean consumers travelling within the European Economic Area (EEA). We measure the causal impact of the regulation on EEA roaming traffic, using the Rest of the World as a control group. We find large and...

Persistent link: https://www.econbiz.de/10013211736

Pricing the Pharmaceuticals When the Ability to Pay Differs : Taking Vertical Equity Seriously

Kanniainen, Vesa - 2020

A non-trivial fraction of people cannot afford to buy pharmaceutical products at unregulated market prices. Therefore, the paper analyzes the public insurance of the pharmaceutical products in terms of price controls and the socially optimal third-degree price discrimination. It characterizes...

Persistent link: https://www.econbiz.de/10012843430

Price Discrimination Bans on Dominant Firms

Bouckaert, Jan; Degryse, Hans; Dijk, Theon van - 2021

Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market power - the dominant firms. We analyze the welfare effects of a ban on behaviour-based price discrimination in a two-period setting where the market displays a competitive and a...

Persistent link: https://www.econbiz.de/10013316614

Real Convergence, Price Level Convergence and Inflation Differentials in Europe

Égert, Balázs - 2021

This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-market-based service, house...

Persistent link: https://www.econbiz.de/10013316808

Why Germany's “Gas Price Brake” Encourages Moral Hazard and Raises Gas Prices

Dertwinkel-Kalt, Markus; Wey, Christian - 2022

To help German households and firms with exploding energy costs, the German government is about to implement a new transfer scheme called “gas price brake.” A unique feature of this energy price relief measure is that both households and the industry receive a transfer that increases in...

Persistent link: https://www.econbiz.de/10014256244

Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited

Buchholz, Wolfgang; Peters, Wolfgang - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10010270530