Showing 1 - 10 of 452
content can be expected to emerge. Hence, in the absence of any regulation, the sugar content of sugar-sweetened beverages …
Persistent link: https://www.econbiz.de/10012818509
characteristics. We first show how preferences that account for price and unit cost constrain the firm’s pricing power and profit …
Persistent link: https://www.econbiz.de/10012310529
pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets … the price, the level of deterrence effort, and socially costly transfers to ensure the monopoly’s participation. We obtain … a modified Ramsey formula, which clearly shows that the mere existence of evaders dampens the use of the price as a mean …
Persistent link: https://www.econbiz.de/10014414300
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 … breaks-even. With costly effort, the firm can deter evasion. Under unit demand and fixed quality, price is independent of …
Persistent link: https://www.econbiz.de/10012822098
prices appears to be less pronounced and amounts to 6.6% lower prices. Austria’s fuel price regulation seems to have been … 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 regulations are already in place in several countries, but …
Persistent link: https://www.econbiz.de/10012415508
firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price … firms, controlling for known determinants of capital structure. Sticky-price firms increased leverage more than exible-price … time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …
Persistent link: https://www.econbiz.de/10011597779
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 one's actual gas price. In a formal model, we show that such a transfer scheme … overcome this adverse effect of the gas price brake. An equivalent critique applies to the electricity price brake that is to …
Persistent link: https://www.econbiz.de/10013473667
departure from Ramsey pricing are stated in terms of price regulation and insurance coverage. The resulting outcome is second …, 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 first the Ramsey pricing rule in the absence of insurance and in the …
Persistent link: https://www.econbiz.de/10012157261
analysis we first develop a conceptual framework of imperfectly competitive two-sided markets with non-salient price components …. We estimate pass-throughs of the broker-tenant fee price cap to broker-landlord fees and advertised rental prices …% of the regulation and landlords the remaining 25%. There is no market exit of landlords or brokers. Combining our reduced …
Persistent link: https://www.econbiz.de/10015333371
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 operator's revenues per user, while it had no impact on tariffs during …
Persistent link: https://www.econbiz.de/10012602181