Showing 1 - 10 of 800,990
This paper compares the impacts of traditional one-way access obligations and the new regulatory scheme of co-investment … reduces the returns from investment, and second because in the presence of uncertainty it provides access seekers with an … option whose exercise hurts investors. Co-investment without access obligations leads to risk sharing and eliminates the …
Persistent link: https://www.econbiz.de/10012978219
This paper compares the impacts of traditional one‒way access obligations and the new regulatory scheme of co-investment … reduces the returns from investment, and second because in the presence of uncertainty it provides access seekers with an … option whose exercise hurts investors. Co-investment without access obligations leads to risk sharing and eliminates the …
Persistent link: https://www.econbiz.de/10012967611
investment decisions, on network users' decision to join the network, and on welfare. We take a monopoly platform that serves a ….e. Net Neutrality regulation, will be more network users, more investment, and welfare is higher. If profit …-maximizing platform cannot charge buyers there will be more investment than without the regulation. If on top of not charging buyers …
Persistent link: https://www.econbiz.de/10012710676
trigger allocative inefficiency and liquidity crises. Entrepreneurs do not internalize the negative impact of their investment … a non-monotonic effect on expected returns on investment and social welfare. An increase in the quality of public … information has redistributive effects on welfare as entrepreneurs gain and financiers lose. Investment restrictions and targeted …
Persistent link: https://www.econbiz.de/10013116285
The article analyses recent developments in business investment for a large group of EU countries, using a broad set of … analytical tools and data sources. We find that the assessment of whether or not investment is currently low varies across … benchmarks and countries. At the euro area level and for most countries, the level of business investment is broadly in line with …
Persistent link: https://www.econbiz.de/10011918803
' capital investment decisions. The efficiency of stock prices is determined by the weight firms attach to private information … and by the extent to which investment is predictable. Both factors attract informed trading and lead to more revealing …
Persistent link: https://www.econbiz.de/10013012851
real options investment rule, and uncertain climate policy decisions delayed their investment rate; and (2) investors … owning a single license act in accordance with a traditional net present value investment rule, focusing on the value of the … immediate investment and ignoring policy uncertainty …
Persistent link: https://www.econbiz.de/10013066824
investment projects under market-independent, fixed FIT schemes become now-or-never decisions and derive FIT thresholds required … to induce investment. We show that uncertainty regarding future regulatory regimes only alters investment behavior for …
Persistent link: https://www.econbiz.de/10013035628
In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...
Persistent link: https://www.econbiz.de/10013106996
I analyze energy-efficiency policy as a prescription of a minimum-efficiency standard for energy-using household goods like cars, building insulation, and home appliances. Such a policy has two effects. At the intensive margin, a household that invests will choose a more efficient device. At the...
Persistent link: https://www.econbiz.de/10012231224