|
on Regulation |
| By: | Daniel Davi-Arderius; Tooraj Jamasb |
| Keywords: | Energy-only market, day-ahead electricity markets, negative prices, renewables, decarbonisation, ancillary services |
| JEL: | D47 L10 L22 L50 L94 |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:enp:wpaper:eprg2413 |
| By: | Jung, Hoon; Kim, Bumjoon; Kang, Sun A. |
| Abstract: | This research empirically investigates the effect of the administrative fine regulation on annual operating report within the Korean telecommunications regulatory accounting system. |
| Keywords: | Administrative Penalty, Administrative Fine, Telecommunications Regulatory Accounting, Accounting Separation |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302498 |
| By: | Andrew J. Hinchberger; Mark R. Jacobsen; Christopher R. Knittel; James M. Sallee; Arthur A. van Benthem |
| Abstract: | The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains from time-varying price schedules that better align price with cost. We have three main results. First, time-of-use rates and critical-peak pricing, the two most common time-varying rate plans, each correct about 10% of mispricing. Second, complex rate structures based on historical prices often backfire. Third, real-time pricing with price ceilings can capture most potential efficiency gains while limiting customer risk. |
| JEL: | L94 L97 Q41 Q48 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32995 |
| By: | Mikołaj Czajkowski (University of Warsaw, Faculty of Economic Sciences); Wojciech Zawadzki (University of Warsaw, Faculty of Economic Sciences); Grzegorz Bernatek (bAudytel S.A.); Maciej Sobolewski (University of Warsaw, Faculty of Economic Sciences) |
| Abstract: | In this study, we explore the dynamics of consumer choices in the Polish telecommunications market, focusing on preferences and valuations for home fixed, home mobile, and purely mobile internet connections. Key attributes such as speed, latency, data limits, and cost are examined. Central to our research is the investigation of how the integration of 5G technology might influence demand elasticity. Using a detailed discrete choice experiment, we apply a mixed logit model with random parameters to analyze stated choice data, enabling us to unravel the complexities of demand elasticity, especially in terms of own- and cross-price elasticities. This approach facilitates an assessment of the degree of substitutability between fixed and mobile internet services. Our findings indicate a moderate substitution effect between fixed and mobile internet services. Results from a Small but Significant and Non-transitory Increase in Price (SSNIP) test suggest that these markets should continue to be regulated separately, mirroring the distinct regulation observed in fixed and mobile telephony. Furthermore, simulations provide insights into potential future market shifts with the advent of 5G services. This paper contributes significantly to the discourse on fixed-mobile internet substitution and offers vital insights for defining markets in antitrust discussions, competitive agreements, and potential mergers within the telecom sector. |
| Keywords: | Fixed-Mobile Internet Substitution, Consumer Preferences in Telecommunications, Mobile Broadband Access, Home Internet Connectivity, Discrete Choice Analysis, 5G Network Impact, Demand Elasticity in Internet Services, Stated Preference Methodology, Telecommunications Market Analysis, Price Elasticity in Internet Access |
| JEL: | L96 D12 C25 L51 O33 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:war:wpaper:2024-15 |
| By: | de Cornière, Alexandre; Taylor, Greg |
| Abstract: | We study mergers between firms operating in data-connected markets: the data generated as a byproduct of the activity on market A can be used by firms operating on market B. The effects of such a merger depend on whether data trade among independent firms is possible, and on whether data use benefits consumers or leads to more surplus extraction. When data increases product B’s quality, the merger benefits consumers on both markets if data cannot be traded absent the merger, and harms them otherwise. When data is used to extract consumer surplus on market B the merger increases consumer surplus on market A and reduces it on market B. |
| Date: | 2024–09–19 |
| URL: | https://d.repec.org/n?u=RePEc:tse:wpaper:129733 |
| By: | Jeanjean, François |
| Abstract: | The fast technical progress coupled with a fierce competition in telecommunication markets urge operators to invest year after year a huge amount of investment. However, the maturation and saturation of markets prevents them from reaping the benefits. While telecommunication infrastructure improves fastly, the revenues of telecommunication operators tend to stagnate. Content providers are taking advantage of increased network capacity to offer more content that they are able to monetize. It is therefore they who benefit from the increase in network capacities and not the operators who nevertheless financed it. This article develops a theoretical model which highlights this mechanism and corresponds perfectly to empirical observations. |
| Keywords: | Competition, Investment, Telecommunication Operators, Content Providers |
| JEL: | D25 L51 L86 L96 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302486 |
| By: | Paul Simshauser; Joel Gilmore |
| Keywords: | Gas markets, gas turbines, renewables, firming capacity |
| JEL: | D52 D53 G12 L94 Q40 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:enp:wpaper:eprg2414 |
| By: | Nam, Sangjun; Kwon, Youngsun |
| Abstract: | Considering that privacy concerns could affect users' privacy behavior as an antecedent, it is important to investigate the impact of strengthened personal data protection regulation on users' privacy concerns. However, there exists mixed views that the personal data protection regulation has a positive or negative effect on users' privacy concerns by increasing privacy awareness and trustworthiness, respectively. We propose the approach using smartphone platform-level privacy regulation as a proxy for national-level personal data protection regulation to overcome the difficulty of setting up treatment and control groups for implementing dynamic Difference-in-Difference analysis. The result showed that introducing personal data protection regulation has a positive effect on users' privacy concerns in the short term; however, the positive effect could be diluted over time. |
| Keywords: | Personal Data, Online Platform, Regulation, Privacy Concern, App Tracking Transparency |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302472 |
| By: | Cappelletti, Francesco; Bohlin, Erik |
| Abstract: | The European Union's attention to telecommunications and its infrastructure has increased over the past years. This invigorated approach highlights the need for adaptive policymaking to keep pace with technological advancements and market dynamics towards a unified European telecom market. This paper examines the concept of strategic legislation, emphasizing the need for adaptive, flexible, and forward-looking policies. It discusses the advantages of an adaptive and proactive legislative approach, which can enable the telecommunication sector to keep pace with and influence market dynamics and technology integration. With the digital landscape evolving faster than traditional policy cycles can adapt, this work advocates for a dynamic approach that integrates flexibility and responsiveness into EU telecommunications policy. This approach is identified as crucial for fostering a competitive landscape, encouraging innovation, and attracting investment. |
| Keywords: | Adaptive Policymaking, Strategic Legislation, EU, Telecommunication, Technological Advancement |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302481 |
| By: | Yeh, Chih-Liang |
| Abstract: | In September 2020, the NCC initiated an investigation into the video service "Hualien Haokan" provided through a dedicated set-top box and held a public briefing to draft regulations classifying this service as a cable television service. Such new types of services often face unclear positioning issues globally. Some regulations are based on policies and frameworks established by traditional media, while others are "temporary" strategies specifically designed to address new media issues. These regulations, formed through compromises or expedient measures, cause significant challenges for the development of the audiovisual media services industry and result in substantial regulatory discrepancies between different industries. Picard & Picard (2017) proposed "Policy Principles for the Digital Age, " intending to offer guidance to regulatory authorities or policymakers in various countries. These principles, based on normative foundations and values, aim to provide responses that are adaptive to the rapid changes in technology, policy, economy, and society while maintaining continuity. The paper intends to analyze the appropriateness of Taiwan's audiovisual media service regulations and the relationship between specific administrative measures and regulations using Picard & Picard's Policy Principles. Furthermore, it seeks to propose suitable legislative models for imposing obligations, offering feasible legal suggestions for future amendments to audiovisual media service regulations. |
| Keywords: | Audiovisual Media Services, OTT TV, Policy Principles, Legislation |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302482 |
| By: | Antonio Estache; Renaud Foucart; Tomas Serebrisky |
| Abstract: | We review the potential costs and benefits of adding a lottery component to both discretionary negotiated procurement procedures and rule-based auction procedures. We show that adding a lottery component to auctions can increase quality and reduce issues related to limited liability, renegotiations, and bid-rigging. In the case of discretionary negotiated procedures, lotteries anchored in a diversity of randomization options can also reduce corruption risks. These include randomizing between bidders and between decision committee members, or randomizing audits. |
| Keywords: | rules, discretion, procurement, lotteries, corruption, auctions |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:eca:wpaper:2013/378275 |
| By: | Congressional Budget Office |
| Abstract: | CBO discusses the factors underlying prescription drug prices and examines a set of policy approaches aimed at reducing those prices. Some of the approaches that CBO examined aim to reduce prices by capping them or limiting their growth; others would reduce prices by promoting price competition or affecting the flow of information. |
| JEL: | I11 I18 L65 O31 |
| Date: | 2024–10–04 |
| URL: | https://d.repec.org/n?u=RePEc:cbo:report:58793 |
| By: | Saringkarnpoonperm, Suttiwit; Khemakongkanonth, Chate; Srinuan, Pratompong |
| Abstract: | This paper aims to examine the impact of spectrum prices on mobile operators' industry investment using country-level data from 13 countries spanning 2013 to 2022. We employ four models to explore the quantitative evidence, with a preference for the one-step system GMM model through hypothesis testing. The results indicate that significant factors influencing investment include prior CAPEX, urban population, ARPU, GDP, and HHI, while spectrum prices and fees do not show significance. To address limitations, we suggest expanding sample sizes and incorporating additional instruments and dependent variables to establish evidence-based insights into the relationship between spectrum prices and CAPEX. |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302470 |
| By: | Zhang, Hualin; Bi, Kun; Tian, Li |
| Abstract: | Artificial Intelligence Generated Content (AIGC) encompasses content classification, production methods, and technologies for automated content generation. The emergence of ChatGPT has accelerated the growth of AIGC, emphasizing the need for proper governance to prevent crises. The technical advancement of AIGC has revolutionized media content and production mechanisms, challenging traditional governance paradigms. This study delves into the technical aspects of AIGC governance, focusing on algorithms, data, and computational power. AIGC relies on massive data collection, iterative digital modeling, and large-scale computation for autonomous content generation, reflecting its evolution to maturity. A tailored governance framework will guide future AIGC development effectively. |
| Keywords: | Artificial Intelligence Generated Content, Technological Governance, Governance Framework, Digital Transformation |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302520 |
| By: | Bartelsman, Eric (Vrije Universiteit Amsterdam); Dobbelaere, Sabien (Vrije Universiteit Amsterdam); Mattioli, Alessandro Zona (Vrije Universiteit Amsterdam) |
| Abstract: | This paper provides evidence from a natural experiment on the importance of workers' tacit knowledge about firms' intangible assets for competition in product and labor markets. Evidence is presented on product and labor market imperfections across manufacturing and services firms in the Netherlands. Price-cost markups and wage markups are both shown to be positively related to intangible intensity at the firm level. A model is developed of the processes of intangible investment and wage bargaining of heterogeneous firms, providing a mechanism that relates workers' tacit knowledge to firm-level product and labor market imperfections. The model also incorporates a role for non-compete agreements (NCAs) limiting worker mobility. Our main empirical contribution comes from using linked employer-employee panel data with information on NCAs and changes in enforceability of these agreements. Using an event-study framework, we demonstrate that the removal of NCAs leads to higher wages and worker mobility, especially for workers in intangible-intensive firms. We find that NCAs affect workers across the skill distribution. The causal findings from changes in the legality of NCAs correspond with the mechanism described in the model. |
| Keywords: | price-cost markups, rent sharing, technology, tacit knowledge, non-compete agreements |
| JEL: | J41 L10 M52 |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17260 |
| By: | Muñoz, Heraldo Miguel; Poveda Bonilla, Rafael; Gil, Marina |
| Abstract: | En este estudio se analizan instrumentos de política pública y marcos regulatorios innovadores que impulsen la electromovilidad en el transporte público de las principales ciudades de América Latina. Se identifican herramientas fiscales, financieras y técnicas que garantizan la eficiencia ambiental, el apalancamiento de recursos y la seguridad técnica. La implementación se lleva a cabo mediante programas que estimulan tanto la oferta como la demanda de servicios sostenibles. Además, se fomenta el desarrollo de cadenas de valor y modelos de economía circular para optimizar la prestación del servicio. Como resultado del análisis, se presentan recomendaciones específicas para desarrollar un marco regulatorio aplicable a las particularidades y oportunidades de cada una de las principales ciudades latinoamericanas. |
| Date: | 2024–09–06 |
| URL: | https://d.repec.org/n?u=RePEc:ecr:col022:80646 |