Pub Date : 2020-08-29DOI: 10.1007/s11149-020-09414-z
Jann T. Keller, G. Kuper, M. Mulder
{"title":"Competition under revenue-cap regulation with efficiency benchmarking: tariff related incentives for gas transmission system operators in merged markets","authors":"Jann T. Keller, G. Kuper, M. Mulder","doi":"10.1007/s11149-020-09414-z","DOIUrl":"https://doi.org/10.1007/s11149-020-09414-z","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"141 - 165"},"PeriodicalIF":1.1,"publicationDate":"2020-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09414-z","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44229780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-26DOI: 10.1007/s11149-020-09413-0
David P. Brown, J. Zarnikau, C. Woo
{"title":"Does locational marginal pricing impact generation investment location decisions? An analysis of Texas’s wholesale electricity market","authors":"David P. Brown, J. Zarnikau, C. Woo","doi":"10.1007/s11149-020-09413-0","DOIUrl":"https://doi.org/10.1007/s11149-020-09413-0","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"99 - 140"},"PeriodicalIF":1.1,"publicationDate":"2020-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09413-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48215998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-30DOI: 10.1007/s11149-020-09412-1
A. Ros
{"title":"Does electricity competition work for residential consumers? Evidence from demand models for default and competitive residential electricity services","authors":"A. Ros","doi":"10.1007/s11149-020-09412-1","DOIUrl":"https://doi.org/10.1007/s11149-020-09412-1","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"1 - 32"},"PeriodicalIF":1.1,"publicationDate":"2020-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09412-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41783593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-23DOI: 10.1007/s11149-020-09411-2
R. Meyer, G. Brunekreeft, George M. Elias
{"title":"TOTEX Malmquist index for CPI-X regulation: Does it correctly estimate the true frontier shift?","authors":"R. Meyer, G. Brunekreeft, George M. Elias","doi":"10.1007/s11149-020-09411-2","DOIUrl":"https://doi.org/10.1007/s11149-020-09411-2","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"78 - 97"},"PeriodicalIF":1.1,"publicationDate":"2020-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09411-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48581834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-16DOI: 10.1007/s11149-020-09410-3
A. Mariño
{"title":"Banning information in hiring decisions","authors":"A. Mariño","doi":"10.1007/s11149-020-09410-3","DOIUrl":"https://doi.org/10.1007/s11149-020-09410-3","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"33 - 58"},"PeriodicalIF":1.1,"publicationDate":"2020-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09410-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46841654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-16DOI: 10.1007/s11149-020-09409-w
B. Tas
{"title":"Effect of public procurement regulation on competition and cost-effectiveness","authors":"B. Tas","doi":"10.1007/s11149-020-09409-w","DOIUrl":"https://doi.org/10.1007/s11149-020-09409-w","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"58 1","pages":"59 - 77"},"PeriodicalIF":1.1,"publicationDate":"2020-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09409-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43368107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-11DOI: 10.1007/s11149-020-09407-y
Asako Chiba
With the growing size of the interbank financial market, it is often argued that capital regulations for large wholesale banks should be more stringent than for small retail banks. This study constructs a general equilibrium model incorporating both wholesale and retail banks under capital regulation to discuss whether wholesale banks should face tighter leverage restrictions than retail banks. The simulations assuming various degrees of capital regulation on wholesale and retail banks show that stringent capital requirements for wholesale banks improve financial stability. The inefficiencies brought about by capital regulations are mitigated as a result of agents’ anticipation of stability. In contrast, capital regulations on both wholesale and retail banks destabilize the interbank market, because a large drop in asset prices reduces expectations that wholesale banks will be able to meet their obligations. These results imply that the stabilizing effect of capital regulation dominates inefficient asset allocation and thus provide theoretical support for the recent regulatory reforms imposing tight capital regulations on large influential financial institutions.
{"title":"The effects of stringent capital requirements on large financial institutions","authors":"Asako Chiba","doi":"10.1007/s11149-020-09407-y","DOIUrl":"https://doi.org/10.1007/s11149-020-09407-y","url":null,"abstract":"With the growing size of the interbank financial market, it is often argued that capital regulations for large wholesale banks should be more stringent than for small retail banks. This study constructs a general equilibrium model incorporating both wholesale and retail banks under capital regulation to discuss whether wholesale banks should face tighter leverage restrictions than retail banks. The simulations assuming various degrees of capital regulation on wholesale and retail banks show that stringent capital requirements for wholesale banks improve financial stability. The inefficiencies brought about by capital regulations are mitigated as a result of agents’ anticipation of stability. In contrast, capital regulations on both wholesale and retail banks destabilize the interbank market, because a large drop in asset prices reduces expectations that wholesale banks will be able to meet their obligations. These results imply that the stabilizing effect of capital regulation dominates inefficient asset allocation and thus provide theoretical support for the recent regulatory reforms imposing tight capital regulations on large influential financial institutions.","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"126 49","pages":""},"PeriodicalIF":1.1,"publicationDate":"2020-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138514604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-01DOI: 10.1007/s11149-020-09408-x
S. Littlechild
{"title":"The CMA’s assessment of customer detriment in the UK retail energy market","authors":"S. Littlechild","doi":"10.1007/s11149-020-09408-x","DOIUrl":"https://doi.org/10.1007/s11149-020-09408-x","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"57 1","pages":"203 - 230"},"PeriodicalIF":1.1,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09408-x","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52937796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-01DOI: 10.1007/s11149-020-09405-0
Tihitina Andarge, E. Lichtenberg
{"title":"Regulatory compliance under enforcement gaps","authors":"Tihitina Andarge, E. Lichtenberg","doi":"10.1007/s11149-020-09405-0","DOIUrl":"https://doi.org/10.1007/s11149-020-09405-0","url":null,"abstract":"","PeriodicalId":47149,"journal":{"name":"Journal of Regulatory Economics","volume":"57 1","pages":"181 - 202"},"PeriodicalIF":1.1,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11149-020-09405-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44908827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}