کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9726874 | 1479504 | 2005 | 27 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Strategic choice of financing systems in regulated and interconnected industries
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Because of these distortions, it turns out that in a non-cooperative setting the second-best outcome might consist in the simultaneous adoption of a no-subsidy system. However, multiple equilibria typically exist and the second-best outcome is never a stable equilibrium. Other properties of the different possible equilibria are studied, as well as the impact of supra-national policies aimed at encouraging the development of international services. Finally, we show that the coordination problems deriving from the existence of multiple equilibria can, sometimes, be solved by separating the choice of a regulatory mode from the access pricing stage, thereby allowing the infrastructure managers to commit to use a specific financing system before setting the access price.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Public Economics - Volume 89, Issues 2â3, February 2005, Pages 233-259
Journal: Journal of Public Economics - Volume 89, Issues 2â3, February 2005, Pages 233-259
نویسندگان
Anna Bassanini, Jérôme Pouyet,