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Infrastructure Investment in Network Industries : The Role of Incentive Regulation and Regulatory Independence

Égert, Balázs - 2009

-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …

Persistent link: https://www.econbiz.de/10013160048

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2015

While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...

Persistent link: https://www.econbiz.de/10013012564

Vertical Market Power in Interconnected Natural Gas and Electricity Markets

Marks, Levi - 2017

consider improvements to market design and regulation as these two energy markets become increasingly interlinked …

Persistent link: https://www.econbiz.de/10012943388

A Mechanism to Regulate Sovereign Debt Restructuring in the Euro Area

Andritzky, Jochen R. - 2016

To make the no-bailout clause credible and enhance the effectiveness of crisis assistance, a consistent institutional and legal framework is needed to ensure that private creditors contribute to crisis resolution. Getting activated as part of ESM crisis assistance, we propose a two-stage...

Persistent link: https://www.econbiz.de/10012982263

The Impact of Market Regulations on Intra-European Real Exchange Rates

Bénassy-Quéré, Agnès - 2013

We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...

Persistent link: https://www.econbiz.de/10013087275

Regulation and Barriers to Trade in Telecommunications Services in the European Union

Cave, Martin E. - 2009

single market in the European Union is impeded by absent or imperfect regulation conducted at the national level, which fails …

Persistent link: https://www.econbiz.de/10013158458

Regulating National Firms in a Common Market

Biancini, Sara - 2021

We consider the regulation of national firms in a common market. Regulators can influence the production of national …

Persistent link: https://www.econbiz.de/10013316590

Financing Bologna, the Internationally Mobile Students in European Higher Education

Gerard, Marcel - 2008

Despite the importance of the Bologna process for the mobility of students, and the further mobility of graduates, as well as for peace, growth and welfare in that area, nothing has been decided so far for the financing of internationally mobile students, so that the burden of that financing,...

Persistent link: https://www.econbiz.de/10012770440

Wealth Inequality and Homeownership in Europe

Kaas, Leo - 2015

The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership rates across countries. We use two decomposition methods...

Persistent link: https://www.econbiz.de/10013014361

VAT and Agriculture : Lessons from Europe

Cnossen, Sijbren - 2017

Farmers are often exempted from VAT for administrative and political reasons. But this means that the VAT on their inputs cannot be ‘washed out' through the tax deduction/credit mechanism. To compensate farmers for the uncompensated VAT on inputs, the EU has devised a flat-rate scheme that...

Persistent link: https://www.econbiz.de/10012960480

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