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Ever since the beginning of the nineties, interconnection pricing emerged as a high priority regulatory policy question. As more and more state-owned monopolies were privatized, their essential facility (or simply their network) had to be opened to competition. The most viable practice was...
Persistent link: https://www.econbiz.de/10009429009
We study how access pricing affects network competition when consumers'subscription demand is elastic and networks compete with non-linearprices and can use termination-based price discrimination. In the caseof a fixed per minute termination charge, our model generalizes theresults of Gans and...
Persistent link: https://www.econbiz.de/10009435152
This paper explores the empirical effects of competition on technical efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made utilities residual claimants to cost savings and increased their exposure to competitive markets. We...
Persistent link: https://www.econbiz.de/10009441993
/non-market (i.e. government regulation, judiciary/legal system) incentives for a firm to act voluntarily on environmental quality is … incentive perceived by the decision maker of firm gets increases. Firms put a higher weight on the impact on regulation and … towards co-regulation, which is practiced by developed countries like Australia and Canada to facilitate businesses to come up …
Persistent link: https://www.econbiz.de/10009443778
contested terrain of direct-to-consumer (DTC) advertising. The study tracks regulation of the pharmaceutical industry, relative …
Persistent link: https://www.econbiz.de/10009484498
IFRS 9 is less procyclical than the previous regulation (IAS 39), it is more procyclical than US GAAP because it merely …
Persistent link: https://www.econbiz.de/10012523804
Summary of Banco de España Working Paper no. 2003
Persistent link: https://www.econbiz.de/10012524760
regulation, containing its basic principles and foundations, was released in June 2020. In this article I describe the main …
Persistent link: https://www.econbiz.de/10012525476
regulation. By contrast, the relatively new Profit Elasticity (PE) approach that was introduced in Boone (2008) as Relative …
Persistent link: https://www.econbiz.de/10012530363
Utilizando una muestra de bancos cotizados de Estados Unidos, Europa, Japón y China durante el período 2004-2014, los autores analizan el impacto que el nuevo marco de regulación prudencial aprobado en el G-20 tras la gran crisis financiera tiene sobre el riesgo bancario. El riesgo se mide en...
Persistent link: https://www.econbiz.de/10012532174