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strive for framework conditions that enable or even better facilitate innovation as well as dynamic competition. Ultimately …
Persistent link: https://www.econbiz.de/10011778592
This paper questions whether competition can replace sector-specific regulation of mobile telecommunications. We show … bilateral negotiations. A lighthanded regulatory policy can induce effective competition. Call prices are close to the marginal …. Existence encompasses the case of many networks and high network substitutability …
Persistent link: https://www.econbiz.de/10014217206
This paper provides a positive and normative discussion of the role of competition law – and competition authorities … analysis of recent EU and American case law with a simple economic model of multi-agency regulation and its effects on … competition law a much greater role than my model would suggest is wise …
Persistent link: https://www.econbiz.de/10013067899
By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...
Persistent link: https://www.econbiz.de/10009516904
We analyze the reliability of voluntary disclosures of financial information, focusing on widely-employed publicly available hedge fund databases. Tracking changes to statements of historical performance recorded at different points in time between 2007 and 2011, we find that historical returns...
Persistent link: https://www.econbiz.de/10012940380
government applies regulation approaches in changing the industry's paradigm to undertake ethical businesses …
Persistent link: https://www.econbiz.de/10012952421
Persistent link: https://www.econbiz.de/10014372352
Persistent link: https://www.econbiz.de/10013390118
Regulation Under Increasing Competition brings together practitioners, regulators, and economists to examine the … as competitive entry, stranded costs, pricing and market mechanisms. It provides a unique perspective on problems in a …
Persistent link: https://www.econbiz.de/10013518870