. Recognizing that payments differ in the urgency with which they need to be settled, Fedwire offers banks a decreasing block-price … schedule. This approach allows Fedwire to price discriminate, charging high fees for urgent payments and low fees for less … urgency for immediate settlement is great enough, banks will respond to marginal price; otherwise, they will respond to …

. Recognizing that payments differ in the urgency with which they need to be settled, Fedwire offers banks a decreasing block-price … schedule. This approach allows Fedwire to price discriminate, charging high fees for urgent payments and low fees for less … urgency for immediate settlement is great enough, banks will respond to marginal price; otherwise, they will respond to …

regulation. The profit-sharing rule is a key element of the price choice and our analysis focuses on the two most common ones …. Then, customer-owned firms, like forprofit ones, need some external price regulation. In the second part we address this … customerowned ones, and hence price regulation is affected by the ownership mode. Another factor that is shown to condition the …

lower price for the service …

In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about … deviation increase in oil price volatility leads to a 0.38 percent increase in the markup of firms with average oil exposure. …

regulation in the form of price caps can eliminate the exercise of market power by the regulated firm's upstream affiliate. With … the regulator establishing a price cap and an appropriate rate of profit sharing, the upstream affiliate engages in … cost. The welfare-maximizing price cap and profit-sharing rate may be sustained even if the price cap is adjusted upward in …

separation runs the risk of rendering impossible any sustainability-oriented price reform. An Institutional Economics approach …