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Articles 1 - 30 of 34
Full-Text Articles in Economics
Some Economic Issues In Indian Textile Sector, Badri Narayanan G.
Some Economic Issues In Indian Textile Sector, Badri Narayanan G.
Badri Narayanan G.
No abstract provided.
An Overview Of Combinatorial Auctions, Peter Cramton, Yoav Shoham, Richard Steinberg
An Overview Of Combinatorial Auctions, Peter Cramton, Yoav Shoham, Richard Steinberg
Peter Cramton
No abstract provided.
Comments On The Rggi Market Design, Peter Cramton
The 700 Mhz Spectrum Auction: An Opportunity To Protect Competition In A Consolidating Industry, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
The 700 Mhz Spectrum Auction: An Opportunity To Protect Competition In A Consolidating Industry, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
Peter Cramton
This paper is provided in connection with the 2007 Telecommunications Symposium – Voice, Video and Broadband: The Changing Competitive Landscape and Its Impact on Consumers, sponsored by the Antitrust Division of the U.S. Department of Justice (“the Division”). Our focus is on the state of competition in the wireless sector. Maintaining a competitive wireless sector is particularly critical if, as the Division’s agenda indicates, wireless services are to function as a competitive alternative to wireline technologies. Strengthening competition is especially important now after recent mergers that consolidated the wireless industry into a few dominant firms (two to four depending on …
Comments On The Fcc’S Proposed Competitive Bidding Procedures For Auction 73, Peter Cramton, Gregory Rosston, Andrzej Skrzypacz, Robert Wilson
Comments On The Fcc’S Proposed Competitive Bidding Procedures For Auction 73, Peter Cramton, Gregory Rosston, Andrzej Skrzypacz, Robert Wilson
Peter Cramton
No abstract provided.
Possible Design For A Greenhouse Gas Emissions Trading System, Peter Cramton
Possible Design For A Greenhouse Gas Emissions Trading System, Peter Cramton
Peter Cramton
No abstract provided.
Colombia’S Forward Energy Market, Peter Cramton
Colombia’S Forward Energy Market, Peter Cramton
Peter Cramton
This paper presents a market design for Colombia’s forward energy market, which is scheduled to began in 2008. The forward energy market is an organized market to procure energy for electricity customers on a forward basis. It includes both the regulated market (residential and other small customers) and the nonregulated market (large customers). Currently, regulated customers represent 68% of the total electricity demand and nonregulated customers represent the remaining 32%. The proposed design is novel in that it integrates both the regulated and nonregulated customers into a single organized market. Although the regulated and nonregulated energy products remain distinct, their …
Affidavit Of Peter Cramton, Peter Cramton
Affidavit Of Peter Cramton, Peter Cramton
Peter Cramton
Affidavit arguing that HQ manipulated the NYISO TCC and day-ahead energy markets. On behalf of DC Energy, LLC.
Economist Letter To Ntia On 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Simon Wilkie, Robert Wilson
Economist Letter To Ntia On 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Simon Wilkie, Robert Wilson
Peter Cramton
As the 700 MHz auction approaches, we are writing to clear up a common misconception about the nature of spectrum auctions and the impact of various rules on auction revenues.
Essential Entry: Revenues In The 700 Mhz Spectrum Auction, Peter Cramton
Essential Entry: Revenues In The 700 Mhz Spectrum Auction, Peter Cramton
Peter Cramton
A common misconception is that an open access provision on a sliver of the 700 MHz spectrum would reduce auction revenues. In fact, the open access, wholesale, and bidding credit provisions put forth by Frontline Wireless, will motivate new entry, enhance competition in the auction, and raise revenues.
Revenues In The 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
Revenues In The 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
Peter Cramton
There have been several comments that criticize auction rules that prevent the two major low-frequency incumbents from winning all of the newly available spectrum and incorporating it into their proprietary networks. Such rules include new-entrant set-asides, new-entrant bidding credits, and the open access plan. We disagree with these criticisms and argue that given the current market structure, such rules are likely to improve welfare and auction revenues. We are submitting this report to provide sound economic analysis of these claims.
Economic Comments On The Design Of The 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
Economic Comments On The Design Of The 700 Mhz Spectrum Auction, Peter Cramton, Andrzej Skrzypacz, Robert Wilson
Peter Cramton
We comment on the service and auction rules discussed in the Report and Order and Further Notice of Proposed Rule Making, FCC 07-72, 27 April 2007. We recommend that the FCC designate one license for a wholesale operation that provides open access nationwide on nondiscriminatory terms. This is necessary to enable entry of new businesses offering wireless services in retail markets. It also enables local operators to offer roaming at competitive prices. The new license accords with the Commission’s policy to encourage competition, and recognizes the benefits to consumers from low prices and expanded services.
Introduction To Research Methodologies, Professor Issam A.W. Mohamed
Introduction To Research Methodologies, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
In this book, I introduce basics of research methodologies in Arabic language which I believe is an unprecedented step. The conceptions, research frameworks, sampling and some detailed methods are given in this text book. Moreover, some analytical statistical methods are introduced to give insights to researchers. Methods of writing the scientific reports and papers in addition to documentation of references and classifying the required logical process of a thesis are detailed in this text. I introduce this book that was published by the Africa International University in Khartoum, Sudan for the purpose of helping sub and post graduate university students …
Affidavit Of Peter Cramton, Peter Cramton
Affidavit Of Peter Cramton, Peter Cramton
Peter Cramton
Affidavit arguing that the Illinois auction for energy for small customers was a competitive auction. On behalf of J. Aron & Company and Morgan Stanley Capital Group Inc.
Product Design For Colombia’S Regulated Market, Peter Cramton
Product Design For Colombia’S Regulated Market, Peter Cramton
Peter Cramton
This paper presents a product design for Colombia’s regulated market (MOR), which is scheduled to began in 2008. The regulated market consists of residential and other small customers. Currently, regulated customers represent 69% of the total load. I propose a market based on a single load-following product in which each supplier bids to serve its desired share of the Colombia regulated load. Thus, a supplier that wins a 10% share at auction has an obligation to serve 10% of the actual regulated load in every hour of the commitment period. The supplier is paid the MOR clearing price for every …
Why Large Licenses Are Best For The 700 Mhz Spectrum Auction, Peter Cramton
Why Large Licenses Are Best For The 700 Mhz Spectrum Auction, Peter Cramton
Peter Cramton
No abstract provided.
Market-Based Alternatives For Managing Congestion At New York’S Laguardia Airport, Peter Cramton, Michael O. Ball, Lawrence M. Ausubel, Frank Berardino, George Donohue, Mark Hansen, Karla Hoffman
Market-Based Alternatives For Managing Congestion At New York’S Laguardia Airport, Peter Cramton, Michael O. Ball, Lawrence M. Ausubel, Frank Berardino, George Donohue, Mark Hansen, Karla Hoffman
Peter Cramton
We summarize the results of a project that was motivated by the expiration of the “High Density Rule,” which defined the slot controls employed at New York’s LaGuardia Airport for more than 30 years. The scope of the project included the analysis of several administrative measures, congestion pricing options and slot auctions. The research output includes a congestion pricing procedure and also the specification of a slot auction mechanism. The research results are based in part on two strategic simulations. These were multi-day events that included the participation of airport operators, most notably the Port Authority of New York and …
Affidavit Of Peter Cramton, Peter Cramton
Affidavit Of Peter Cramton, Peter Cramton
Peter Cramton
Affidavit identifying manipulation of New York's capacity market by KeySpan and the need for market monitoring and mitigation. On behalf of Consolidated Edison Company of New York.
Konwergencja Bezrobocia W Polsce W Latach 1999-2006, Joanna Tyrowicz
Konwergencja Bezrobocia W Polsce W Latach 1999-2006, Joanna Tyrowicz
Joanna Tyrowicz
W artykule analizie poddana została dynamika stóp bezrobocia na poziomie powiatów w Polsce w latach 1999-2006. Wykorzystano miesięczne dane rejestrowe. Celem badania jest zweryfikowanie, do jakiego stopnia zachodzą procesy konwergencji regionalnych stóp bezrobocia. Zbadana została zarówno konwergencja typu beta, czyli zależność między dynamiką stopy bezrobocia a jej poziomem wyjściowym, jak i konwergencja typu sigma polegająca na analizie dyspersji rozkładu i jej zmian w czasie. Zastosowane zostały również metody pozwalające zbadać dynamikę pełnego rozkładu analizowanej zmiennej – macierze przejścia oraz nieparametryczna metoda estymacji jądrowej. Macierze przejścia pozwalają określić prawdopodobieństwo z jakim w powiatach stopa bezrobocia utrzyma się na stałym poziomie, wzrośnie …
Optimality And Synchronicity - Where Do We Stand? Oca Theory And Its Empirical Application For Emu, Joanna Tyrowicz
Optimality And Synchronicity - Where Do We Stand? Oca Theory And Its Empirical Application For Emu, Joanna Tyrowicz
Joanna Tyrowicz
Should Poland join EMU? The answer to this question has already been determined by both economists and politicians - by joining EU Poland has agreed to eventually join EMU, which barely any serious economists find to be harmful to our economy. However, the moment of joining the currency union has not been determined and its choice is largely left to the decision of Polish policy makers. Obviously, there are some costs to entering the currency union, as well as some benefits. However, since both the process of accessing and the very participation in the EMU are dynamic in nature, the …
Podmioty Ekonomii Społecznej A Perspektywy Rozwojowe Polski 2007-2013, Joanna Tyrowicz
Podmioty Ekonomii Społecznej A Perspektywy Rozwojowe Polski 2007-2013, Joanna Tyrowicz
Joanna Tyrowicz
No abstract provided.
La Cuantía De Las Pensiones A Medio Plazo, Sus Efectos Sobre El Sistema De Pensiones Y El Estudio De Alternativas, Rafael Muñoz De Bustillo, Fernando Esteve, Pablo De Pedraza, José-Ignacio Antón, Jaime Frades, Zufiaur José María
La Cuantía De Las Pensiones A Medio Plazo, Sus Efectos Sobre El Sistema De Pensiones Y El Estudio De Alternativas, Rafael Muñoz De Bustillo, Fernando Esteve, Pablo De Pedraza, José-Ignacio Antón, Jaime Frades, Zufiaur José María
José-Ignacio Antón
No abstract provided.
Education And Training In Europe, Giorgio Brunello
Education And Training In Europe, Giorgio Brunello
Giorgio Brunello
The second part of this book reviews the existing evidence on workplace training in Europe in different data sources - the CVTS, OECD data and the European Community Household Panel. We outline the differences in training incidence and relate these differences to the private costs and benefits of training, and to institutional factors such as unions, employment protection and product market competition. We ask whether there is a case for under-provision of training in Europe and examine alternative policies aiming both at raising training incidence and at reducing inequalities in the provision of skills
Fee-Shifting Rules In Litigation With Contingency Fees, Kong-Pin Chen
Fee-Shifting Rules In Litigation With Contingency Fees, Kong-Pin Chen
Kong-Pin Chen
This article theoretically compares the British and American fee-shifting rules in their influences on the behavior of the litigants and the outcomes of litigation. We build up a comprehensive litigation model with asymmetric information and agency costs, which makes it possible to make comparison on a broad arrays of issues in a single unified framework. We then solve for the equilibria under both American and British rules, and thereby compare their equilibrium settlement amounts and rates, expenditures incurred in trials, as well as the plaintiff’s chances of winning and incentive to sue. The theoretical results are broadly consistent with existing …
Why We Need To Stick With Uniform-Price Auctions In Electricity Markets, Peter Cramton, Steven Stoft
Why We Need To Stick With Uniform-Price Auctions In Electricity Markets, Peter Cramton, Steven Stoft
Peter Cramton
Wholesale electricity markets are commonly organized around a spot energy market. Buyers and suppliers submit bids and offers for each hour and the market is cleared at the price that balances supply and demand. Buyers with bids above the clearing price pay that price, and suppliers with offers below the clearing price are paid that same price. This uniform-price auction, which occurs both daily and throughout the day, is complemented by forward energy markets. In practice, between 80 and 95 percent of wholesale electricity is traded in forward energy markets, often a month, or a year, and sometimes many years …
Colombia Firm Energy Market, Peter Cramton, Steven Stoft
Colombia Firm Energy Market, Peter Cramton, Steven Stoft
Peter Cramton
A firm energy market for Colombia is presented. Firm energy—the ability to provide energy in a dry period—is the product needed for reliability in Colombia’s hydro-dominated electricity market. The firm energy market coordinates investment in new resources to assure that sufficient firm energy is available in dry periods. Load procures in an annual auction enough firm energy to cover its needs. The firm energy product includes both a financial call option and the physical capability to supply firm energy. The call option protects load from high spot prices and improves the performance of the spot market during scarcity. The market …
How Best To Auction Oil Rights, Peter Cramton
How Best To Auction Oil Rights, Peter Cramton
Peter Cramton
I study the design of oil rights auctions. A good auction design promotes both an efficient assignment of rights and competitive revenues for the seller. The structure of bidder preferences and the degree of competition are key factors in determining the best design. With weak competition and additive values, a simultaneous first-price sealed-bid auction may suffice. With more complex value structures, a dynamic auction with package bids, such as the clock-proxy auction, likely is needed to promote the efficiency and revenue objectives. Bidding on production shares, rather than bonuses, typically increases government take by reducing oil company risk.
Beyond The Dichotomous Worlds Hypothesis: Towards A Plurality Of Corporate Governance Logics, Jordan Otten
Beyond The Dichotomous Worlds Hypothesis: Towards A Plurality Of Corporate Governance Logics, Jordan Otten
Jordan Otten
The dichotomous worlds hypothesis holds that corporate governance systems worldwide are either based on the Anglo-American shareholder model or the Eurasian stakeholder model. We suggest a more fine-grained classification, based on five corporate governance logics –socially constructed, historical patterns of material practices, assumptions, values, beliefs, and rules by which all parties involved in economic productive activities structure their material interdependencies and provide meaning to the social reality of corporate life. These logics are discovered through a content analysis of the corporate governance reform codes of 38 countries.
Theories On Executive Pay: A Literature Overview And Critical Assessment, Jordan Otten
Theories On Executive Pay: A Literature Overview And Critical Assessment, Jordan Otten
Jordan Otten
Executive pay is a major issue in the corporate governance debate. As well in practice as in theory debate still exists how executive pay levels and structures can be explained. This paper provides an overview of 16 theories that have been used in the literature to explain the phenomenon. The theories can be classified into three types of approaches; 1) the value approach; 2) the agency approach; and 3) the symbolic approach. A critical assessment of the theories shows that the dominant use in the literature of the perfect contracting approach of agency theory neglects: 1) the socially determined symbolic …
First In The Class? Age And The Education Production Function, Diane Schanzenbach, Elizabeth Cascio
First In The Class? Age And The Education Production Function, Diane Schanzenbach, Elizabeth Cascio
Diane Whitmore Schanzenbach
Older children outperform younger children in a school-entry cohort well into their school careers. The existing literature has provided little insight into the causes of this phenomenon, leaving open the possibility that school-entry age is zero-sum game, where relatively young students lose what relatively old students gain. In this paper, we estimate the effects of relative age using data from an experiment where children of the same biological age were randomly assigned to different classrooms at the start of school. We find no evidence that relative age impacts achievement in the population at large. However, disadvantaged children assigned to a …