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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/10011288397
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …
Persistent link: https://www.econbiz.de/10010325147
'Robot cars' are cars that allow for automated driving. They can drive closer together than human driven 'normal cars', and thereby raise road capacity. Obtaining a robot car instead of a normal car can also be expected to lower the user's value of time losses (VOT), because travel time can be...
Persistent link: https://www.econbiz.de/10011288417
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10010325669
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10014219994
This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks …
Persistent link: https://www.econbiz.de/10010326341
Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the government, the incumbent is advantaged.If the government...
Persistent link: https://www.econbiz.de/10010326435
Consider a government tendering a facility, such as an airport or utility, where one bidder owns a competing facility. With a standard auction, this existing operator bids above the auctioned facility's expected profit, as winning means being a monopolist instead of a duopolist. This auction...
Persistent link: https://www.econbiz.de/10010326441
give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising …
Persistent link: https://www.econbiz.de/10010325422
This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks … welfare than no regulation, because firms set very high capacities and usage fees. Conversely, an auction on generalised price …
Persistent link: https://www.econbiz.de/10014166117