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The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
The existence and the use of the essential facilities doctrine was questioned in theory and in practice. Although the … doctrine was developed in antitrust, it became a frequently cited notion in the regulation of network utilities. Its relevance … the doctrine in competition polcy and regulation in the EU and Hungary. The next section is devoted to the controversies …
Persistent link: https://www.econbiz.de/10010494409
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10010320256
The paper discusses the respective roles of competition policy and sector-specific regulation for industries such as … when competition policy and to sector-specific regulation apply to a given industry at the same time. The discussion refers … parts of the industry should be subject to regulation, and (iii) the recent cases in the telecommunications and postal …
Persistent link: https://www.econbiz.de/10010331065
reform. After a brief description of the analytical underpinnings of competition policy and regulation the paper reviews the … present state of competition and regulation in Philippine ports and inter-island shipping to identify emerging issues that …
Persistent link: https://www.econbiz.de/10011429795
involvement in infrastructure provision. Regulatory reform has accompanied the effort to ensure operational efficiency and …
Persistent link: https://www.econbiz.de/10011429807
Anticompetitive mergers benefit competitors more than the merging firms. We show that such externalities reduce firms' incentives to merge (a holdup mechanism). Firms delay merger proposals, thereby foregoing valuable profits and hoping other firms will merge instead - a war of attrition. The...
Persistent link: https://www.econbiz.de/10010334829
On 21 December 2009 the Irish High Court found that a regulatory proposal, the Variation, by the four Dublin local authorities, is a breach of national competition law. The Variation allows a single operator to collect household waste, irrespective of whether the operator is selected by...
Persistent link: https://www.econbiz.de/10010277684
the EU that offer superior efficiency than the current, inefficient arrangement. Some policy advice is given to select the …
Persistent link: https://www.econbiz.de/10010316089
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform wholesale prices across locations it would push retail...
Persistent link: https://www.econbiz.de/10010320184