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This paper is concerned with the question of how to deal with Google Shopping’s position on online markets in order to prevent harm to public welfare. From the perspective of sellers and buyers of goods and services in Germany, Google can be seen as a gatekeeper to the Internet and thus as an...
Persistent link: https://www.econbiz.de/10011123609
Die Deutsche Bahn wird nach ihrer finanziellen Sanierung Mitte der neunziger Jahre sowohl 2001 als auch 2002 wieder hohen Geschäftsverlusten entgegensehen. Einer der Gründe für die prognostizierte unbefriedigende finanzielle Entwicklung sind ungenügende Fortschritte im Bereich der...
Persistent link: https://www.econbiz.de/10005014464
In this paper we analyse institutional issues of common interest to the National Regulatory Authorities (NRAs) and the European Agencies (EAs) created under the impulsion of EC law. Both sets of bodies are examined through the lenses of three institutional regulatory parameters, i.e. (i) the...
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monopoly outcome. Within the framework of the "passive regulator" that this logic entails, public regulation cannot alter the …The authors explain why the elementary logic of rate-of-return regulation generates not the competitive outcome but the … monopoly outcome, but can only change the form in which the monopoly rent is captured. The authors also explain why it is …
Persistent link: https://www.econbiz.de/10005417346
This paper studies whether a monopolist with private marginal cost information has incentives to make cost-reducing innovations through research and development (R&D) when its output and price are regulated according to the incentive-compatible mechanism of Baron and Myerson (1982). Under...
Persistent link: https://www.econbiz.de/10011110689
The infrastructure sector has the potential to generate wide differences in profits and economic outcomes. This paper examines financial returns and investment strategies for Britain’s turnpike roads in the early nineteenth century. There are three main findings. First, rates of return on...
Persistent link: https://www.econbiz.de/10011155514