Imperfect Competition Model and Deregulation
Author | : Nobuhiro Suzuki |
Publisher | : |
Total Pages | : 35 |
Release | : 1993 |
Genre | : Competition, Imperfect |
ISBN | : |
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Author | : Nobuhiro Suzuki |
Publisher | : |
Total Pages | : 35 |
Release | : 1993 |
Genre | : Competition, Imperfect |
ISBN | : |
Author | : Serhan Ogur |
Publisher | : |
Total Pages | : 251 |
Release | : 2007 |
Genre | : |
ISBN | : 9781109940312 |
On the first issue, we find that allowing generators to partially own transmission companies is not necessarily detrimental to consumer interests, depending on the transmission network configuration and the resulting congestion patterns. On the second issue, our finding is that, except in a few limiting cases, the optimal choice of objective function for the public (or regulated) firm for total surplus maximization is never pure profit maximization or pure welfare (or consumers' surplus) maximization, but a strictly convex combination of the two. Both results differ from the conventional wisdom and the previous findings of the relevant literatures, due to the special characteristics of the electricity markets and the electric transmission networks that are not observed in any other standard industry structure.
Author | : Donald Dewey |
Publisher | : |
Total Pages | : 205 |
Release | : 1969 |
Genre | : Competition |
ISBN | : 9780231031646 |
Author | : Joan Robinson |
Publisher | : |
Total Pages | : 0 |
Release | : 1969-10 |
Genre | : Competition, Imperfect |
ISBN | : 9780312233457 |
Author | : Frans van Waarden |
Publisher | : Thesis Pub |
Total Pages | : 141 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9789051704808 |
The free unfolding of market forces through deregulation and privatization has become a key issue of socio-economic policies all over the world. The policy initiatives have brought about a lively debate on the pros and cons of markets, state regulations and associational activity. The public policy debate has, however, been cut off from the related discussions in a variety of academic disciplines on the relation between institutions, markets and economic performance. As Boyer and Hollingsworth note: We are witnessing a major paradox. Governments are relying more and more upon markets in order to solve the many difficult issues which they are confronting, at the very moment when theorists are discovering that the efficiency of markets is restricted to a very small set of products.' This book is an interdisciplinary theoretical reflection on the relation between social institutions and societal cultures on the one hand and the (economic) performance of markets on the other. We will use findings and insights from different disciplines to discuss the deregulation policy program. Firstlyl, we will critical investigat on some of the assumptions that underlie these neo-liberal politics. Secondly, we will present the findings of some policy studies that have compared deregulation policies in different countries and policy fields: two policy fields taken from social policy (occupational health and safety, and vocational training) and one case study of a country that has gone far with deregulation policies, New Zealand. Thirdly, we will analyze some possibly unforeseen consequences of deregulation policies.
Author | : Joan Robinson |
Publisher | : |
Total Pages | : 352 |
Release | : 1979 |
Genre | : |
ISBN | : |
Author | : Nicole V. Crain |
Publisher | : DIANE Publishing |
Total Pages | : 95 |
Release | : 2005 |
Genre | : Law |
ISBN | : 1437940617 |
This is a print on demand edition of a hard to find publication. The annual cost of federal regulations in the U.S. increased to more than $1.75 trillion in 2008. Had every U.S. household paid an equal share of the federal regulatory burden, each would have owed $15,586 in 2008. While all citizens and businesses pay some portion of these costs, the distribution of the burden of regulations is quite uneven. The portion of regulatory costs that falls initially on businesses was $8,086 per employee in 2008. Small businesses, defined as firms employing fewer than 20 employees, bear the largest burden of federal regulations. This report shows that as of 2008, small businesses face an annual regulatory cost of $10,585 per employee, which is 36% higher than the regulatory cost facing large firms (500+ employees). Ill.
Author | : Sonia Feliz |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2019-12-13 |
Genre | : Business & Economics |
ISBN | : 1513523244 |
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Author | : Shelby D. Hunt |
Publisher | : SAGE Publications |
Total Pages | : 321 |
Release | : 1999-11-30 |
Genre | : Business & Economics |
ISBN | : 1452221642 |
Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.
Author | : William J. Baumol |
Publisher | : Houghton Mifflin Harcourt P |
Total Pages | : 578 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |