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Changes in the extent of multi-market contact (MMC) between firms often affect market outcomes – quantities and prices. We show that a strategic but purely competitive effect of changes in MMC can change the quantity provided in a market by a firm by as much as 50%, and the prices a firm sets...
Persistent link: https://www.econbiz.de/10009699389
applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and … and SFA efficiency scores, have certain practical merits and might offer an useful alternative to strict reliance on a …, but can also improve the precision of efficiency estimation. Based on our results, we give recommendations for the …
Persistent link: https://www.econbiz.de/10011910874
applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and … and SFA efficiency scores, have certain practical merits and might offer an useful alternative to strict reliance on a …, but can also improve the precision of efficiency estimation. Based on our results, we give recommendations for the …
Persistent link: https://www.econbiz.de/10014033300
-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the … German electricity sector, of which 200 subject to incentive regulation, the issue of heterogeneity of DSOs has to be … efficiency scores derived from stochastic frontier analysis. To correct for this heterogeneity in coefficients, I propose a …
Persistent link: https://www.econbiz.de/10011448121
used to determine future prices when subject to a lower-powered regulation mechanism. The difference is particularly … significant (about 10% of total cost) for firms in the upper quartile of the efficiency distribution, a pattern which is …
Persistent link: https://www.econbiz.de/10011971656
efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …
Persistent link: https://www.econbiz.de/10011906240
subject to a lower-powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper … quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting. …
Persistent link: https://www.econbiz.de/10011795225
are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports … activities into the regulation of airport infrastructure charges? This question is addressed in this paper. We discuss basic …
Persistent link: https://www.econbiz.de/10010510068
marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For … margial cost efficiency has a negative effect on price dispersion …
Persistent link: https://www.econbiz.de/10012971687
competitive dynamics so that consumers could benefit from ongoing improvements in price and efficiency levels, recent DOT policies …
Persistent link: https://www.econbiz.de/10014186900