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The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...
Persistent link: https://www.econbiz.de/10011295798
We study the impact of improved rail access on entrepreneurship rates in England and Wales. We use data from the Census spanning 2001, 2011, and 2021 to analyse self-employment rates in granular geographic areas of around 200 residents. Specifically, we study how they respond to changes in the...
Persistent link: https://www.econbiz.de/10014632305
Privacy regulations like the General Data Protection Regulation aim to empower consumers with greater transparency and … studies how these two aspects of privacy regulation - consumer empowerment and versioning - affect market outcomes and welfare … preferences for the service and privacy costs incurred when sharing data with the firm. In a monopoly, the firm is better off …
Persistent link: https://www.econbiz.de/10015339880
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public … utilities. To maximize total surplus, the regulator sets the price and socially costly transfers, ensuring that the monopoly …
Persistent link: https://www.econbiz.de/10012822098
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10010256099
One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on …
Persistent link: https://www.econbiz.de/10014320686
Demand for oil is very price inelastic. Facing such demand, an extractive cartel induces the highest price that does not destroy its demand, unlike the conventional Hotelling analysis: the cartel tolerates ordinary substitutes to its oil but deters high-potential ones. Limit-pricing equilibria...
Persistent link: https://www.econbiz.de/10010428773
by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it …
Persistent link: https://www.econbiz.de/10011409970
solution. Then we consider a monopoly. Market power affects both output and sugar content, possibly in opposite directions, and …
Persistent link: https://www.econbiz.de/10011977149
The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...
Persistent link: https://www.econbiz.de/10011557786