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Benefits of regulation vs. competition where inequality is high : the case of mobile telephony in South Africa

Hawthorne, Ryan; Grzybowski, Lukasz - 2019

We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly …. Next, we use a demand and supply equilibrium framework to simulate prices and the distribution of welfare without entry and … mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that …

Persistent link: https://www.econbiz.de/10012029118

Implementing efficient market structure

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the … that these mechanisms generally avoid budget deficits and prevent excessive entry. …

Persistent link: https://www.econbiz.de/10009781544

Manufacturing revolutions : industrial policy and industrialization in South Korea

Lane, Nathan - 2024

I study the impact of industrial policy on industrial development by considering an important episode during the East Asian miracle: South Korea’s heavy and chemical industry (HCI) drive, 1973–1979. Based on newly assembled data, I use the introduction and termination of industrial policies...

Persistent link: https://www.econbiz.de/10015075030

The limits of marketplace fee discrimination

Tremblay, Mark J. - 2021

, we show that (1) banning fee discrimination and platform entry is detrimental to welfare, (2) a vertical merger within a … retail market mitigates fee distortions but is often worse than an equilibrium with platform entry into retail, and (3 … policy that bans platform retail entry. …

Persistent link: https://www.econbiz.de/10012692299

A leverage theory of tying in two-sided markets

Choi, Jay Pil; Jeon, Doh-Shin - 2016

Partly motivated by the recent antitrust investigations concerning Google, we develop a leverage theory of tying in two-sided markets. We analyze incentives for a monopolist to tie its monopolized product with another product in a two-sided market. Tying provides a mechanism to circumvent the...

Persistent link: https://www.econbiz.de/10011536190

Asymmetric neutrality regulation and innovation at the edges : fixed vs. mobile networks

Choi, Jay Pil; Jeon, Doh-Shin; Kim, Byung-Cheol - 2014

mobile networks, prioritized delivery services are complementary to the CP's investments and can facilitate entry of …

Persistent link: https://www.econbiz.de/10010412363

External constraints matter for privatizations

Petrarca, Ilaria; Ricciuti, Roberto - 2014

We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate the analysis of Galasso (2014) by sector of activity...

Persistent link: https://www.econbiz.de/10010426052

Commodity taxation and regulatory competion

Moriconi, Simone; Picard, Pierre M.; Zanaj, Skerdilajda - 2017

This paper studies theoretically and empirically competition in commodity taxation and product market regulation between trading partner countries. We present a two-country general equilibrium model in which destination-based commodity taxes finance public goods, and product market regulation...

Persistent link: https://www.econbiz.de/10011603122

Legal uncertainty as a welfare enhancing screen

Lang, Matthias - 2016

Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...

Persistent link: https://www.econbiz.de/10011557794

Pricing the pharmaceuticals when the ability to pay differs : taking vertical equity seriously

Kanniainen, Vesa; Laine, Juha; Linnosmaa, Ismo - 2019

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/10012157261