Deregulation redux: does mandating access to bottleneck facilities necessarily improve welfare?
نویسندگان
چکیده
منابع مشابه
Deregulation redux: does mandating access to bottleneck facilities necessarily improve welfare?
We demonstrate that deregulation in the form of vertical separation of network components into natural monopoly and potentially competitive markets does not truly represent a lessening of regulatory burdens. That is, vertical separation is not synonymous with deregulation; “more competitors” is not equivalent to “more competition”. We assume a public interest regulator that is constrained to se...
متن کاملDoes Banking of Permits Improve Welfare?∗
The paper investigates the welfare effects of banking permits. The possibility that permits can be saved for use in a later period is an important part of the 1990 CAAA in the US. Banking of permits is also under consideration for a sulphor permit trading program in Europe. It is not obvious, however, whether a system like this is welfare improving. If under certainty a regulator issues the opt...
متن کاملDoes Antitrust Policy Improve Consumer Welfare? Assessing the Evidence
S hould the United States pursue a vigorous antitrust policy? Soon after the passage of the Sherman Antitrust Act of 1890, economists led by John Bates Clark (1901) argued that the enforcement of such laws should be informed by the prevailing economic theory on the merits of competition and the extent to which firms’ conduct can enhance or weaken competition. However, economic theory since then...
متن کاملDoes leaving welfare improve health? Evidence for Germany.
Using exceptionally rich linked administrative and survey information on German welfare recipients we investigate the health effects of transitions from welfare to employment and of assignments to welfare-to-work programmes. Applying semi-parametric propensity score matching estimators we find that employment substantially increases (mental) health. The positive effects are mainly driven by mal...
متن کاملWhen more does not necessarily mean better: Health-related illfare comparisons with non-monotone welfare relationships
Most welfare studies are based on the assumption that wellbeing is monotonically related to the variables used for the analysis. While this assumption can be regarded as reasonable for many dimensions of wellbeing like income, education, or empowerment, there are some cases where it is definitively not relevant, in particular with respect to health. For instance, health status is often proxied ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Public Choice
سال: 2009
ISSN: 0048-5829,1573-7101
DOI: 10.1007/s11127-009-9551-7