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Competition Effects in a Liberalized Railway Market

Lang, Markus; Laperrouza, Marc; Finger, Matthias - Institut für Strategie und Unternehmensökonomik … - 2010

This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...

Persistent link: https://www.econbiz.de/10008498987

Legally Separated Joint Ownership of Bidder and Auctioneer: Illustrated by the Partial Deregulation of the EU Electricity Markets

Koten, Silvester van - Center for Economic Research and Graduate Education and … - 2007

In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...

Persistent link: https://www.econbiz.de/10005086659

The reform of passenger rail in Switzerland: More performance without competition

Desmaris, Christian - In: Research in Transportation Economics 48 (2014) C, pp. 290-297

The Swiss railway system is known for its high quality of service and integration in a particularly dense public transport system. People are generally less aware of ongoing institutional reform. This article strives to shed light on passenger transport reform, and more particularly on regional...

Persistent link: https://www.econbiz.de/10011115799

Quality Provision in Deregulated Industries: The Railtrack Problem

Benz, Men-Andri; Buehler, Stefan; Schmutzler, Armin - Institut für Volkswirtschaftslehre, … - 2000

This paper studies a network provider's incentives to invest in infrastructure quality. In a simple but general framework, we investigate how various institutional settings affect investment incentives. We show that under reasonable assumptions on demand, investment incentives are smaller under...

Persistent link: https://www.econbiz.de/10005700817

A Product Market Theory of Training and Turnover in Firms

Gersbach, Hans; Schmutzler, Armin - Institute for the Study of Labor (IZA) - 2001

We develop a product market theory that identifies determinants of worker turnover and explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others trained employees...

Persistent link: https://www.econbiz.de/10005703400

The Effects of Globalization on Worker Training

Gersbach, Hans; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2005

We examine how globalization affects firms’ incentives to provide general worker training. We consider a three-stage game. In stage 1, firms invest in productivity-enhancing training. In stage 2, they can make wage offers for each others’ workers. Finally, Cournot competition takes place....

Persistent link: https://www.econbiz.de/10005124275

Tecnical efficeincy in the European TLC sector

Manello, Alessandro; Bruno, Clementina - Istituto di Ricerca sulla Crescita Economica … - 2013

This paper proposes an efficiency analysis of the major European incumbent firms in the fixed telecommunications sector …. The non-parametric approach, that has been adopted here, expresses the efficiency according to a directional distance … measure, allowing to consider the different nature of outputs categories, according to their technological content. Efficiency …

Persistent link: https://www.econbiz.de/10010839114

Who Integrates?

Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003

We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...

Persistent link: https://www.econbiz.de/10005504590

Chinese Railway Reform and Competition: Vertical or Horizontal Restructuring?

Pittman, Russell - EconWPA - 2002

One of the key determinants of China's ability to continue its economic growth into the 21stcentury and to distribute the benefits of that growth to a broad spectrum of the population will be the further development of its railroad system. This paper examines the possibilities for improving the...

Persistent link: https://www.econbiz.de/10005407688

Regulation and efficiency in Italian local public transport: the regional differences

Bentivogli, Chiara; Cullino, Roberto; Colle, Diana … - Banca d'Italia - 2008

recent Bank of Italy survey. There are still substantial differences across Italy’s regions, and the level of efficiency is … public incumbents. Albeit limited, efficiency gains are larger wherever the reform has been implemented more thoroughly and …

Persistent link: https://www.econbiz.de/10005467326