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We consider a repeated regulation model in an oligopoly under asymmetric information with pollution. An iterative …
Persistent link: https://www.econbiz.de/10014202052
on prices to curb such controversial practices. In this work, we find that, relative to non-regulation, appropriate … regulation may alleviate the cut-throat price competition among firms, and lead to a Pareto win-win outcome from the perspectives … of consumers and firms. However, inappropriate fairness regulation may stifle product quality improvement or induce high …
Persistent link: https://www.econbiz.de/10013295220
In order to encourage investment in telecommunication networks, governments have been encouraged to adopt a regulatory state model, with an independent regulatory authority that is subject to a system of appeals and to parliamentary oversight, providing different forms of accountability. The...
Persistent link: https://www.econbiz.de/10012987387
arrangements for the regulation of broadcasting are presently very weak, with omission of a media regulator, a spectrum regulator …
Persistent link: https://www.econbiz.de/10013058015
This paper compares and contrasts the processes used by the European, United Kingdom and Scottish parliaments in considering broadband policies, legislation, regulatory systems and outcomes, within a complex triple-tiered governance system. Broadband is of increasing importance due to the...
Persistent link: https://www.econbiz.de/10012935909
In recent years, two law review articles have proposed that the United States regulate commercial sports through a … commercial sports’ power to influence government policy offset the many theoretical advantages to creating a specialized … regulatory body to oversee commercial sports. The commercial sports industry already possesses an extraordinarily strong lobbying …
Persistent link: https://www.econbiz.de/10014035763
Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...
Persistent link: https://www.econbiz.de/10011610385
This study provides a systematic analysis of the VIP-room contractual system of Macau’s traditional casino industry. It examines the system’s historical background, its organizational structure, its operational mechanisms, and its role in Macau’s casino industry. This analysis examines the...
Persistent link: https://www.econbiz.de/10005426907
The effects of the three-point rule in first league German soccer are tested empirically and compared to games from the German cup-competition. The inclusion of cup games ensures that changes in league games can be attributed to the three-point rule. As a result of their relative devaluation,...
Persistent link: https://www.econbiz.de/10014216842
In this paper we provide an empirical analysis of German casino locations. Due to the "mercantilistic background" of casinos, we assume that casinos are more likely to be found at borders and tourist areas. Although the location decision has been made in the past, we use cross-sectional data at...
Persistent link: https://www.econbiz.de/10012887811