Showing 1 - 10 of 300
suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a … several downstream firms. Under legal unbundling the bottleneck must be operated by a legally independent upstream firm, which … firm can perform non-tariff discrimination. Under perfect legal unbundling the upstream firm maximizes only own profits …
Persistent link: https://www.econbiz.de/10005001493
-reducing, EU law requires unbundling (separation) of the VIU networks. However, the EU allows its member states the choice between … incomplete (legal) and complete (ownership) unbundling. There is tantalizing anecdotal evidence that VIUs have tried to influence … are perceived as more corrupt are indeed more likely to apply weaker forms of unbundling. Somewhat surprisingly, we do not …
Persistent link: https://www.econbiz.de/10005086628
Regulation plays a key part in public service reforms. However, corruption and the risk of capture may undermine the …
Persistent link: https://www.econbiz.de/10005557760
Exploiting a unique data set containing transactions data from a panel of 769 Chinese state-owned enterprises between 1980 and 1989, this paper tests microeconomic implications of a pervasive form of corruption --official diversion of under-priced, in-plan goods to the market. Corruption has the...
Persistent link: https://www.econbiz.de/10005677552
and decreasing in officials’ corruption. In contrast to the “tollbooth view” of regulation, the standard chosen by a self … benevolent regulator. International evidence on environmental regulation show that standards correlate positively with percapita …
Persistent link: https://www.econbiz.de/10005802073
We model an enforcement problem where firms can take a known and lawful action or seek a profitable innovation that may enhance or reduce welfare. The legislator sets fines calibrated to the harmfulness of unlawful actions. The range of fines defines norm flexibility. Expected sanctions guide...
Persistent link: https://www.econbiz.de/10005802102
and decreasing in officials' corruption. In contrast to the "tollbooth view" of regulation, the standard chosen by a self … benevolent regulator. International evidence on environmental regulation show that standards correlate positively with per …
Persistent link: https://www.econbiz.de/10005504469
It is known that government has discretionary power in providing public goods and regulating the economy. Corrupt bureaucracy with discretionary power creates and extracts rents by manipulating with the public good supply and regulations: i) by attaching excessive red tape to the public good...
Persistent link: https://www.econbiz.de/10005621274
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer’s preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10010599726
This paper reviews the theories of corruption in regulated sectors to further understand the impact of corruption and the ways in which it can be reduced. The aim is to draw out the policy implications of the different theoretical approaches and to examine the support that can be garnered for...
Persistent link: https://www.econbiz.de/10008683530