We analyse the effects of different regulatory schemes (price cap and profit sharing) on the endogenous size of a firm's investment. Using a real option approach in continuous time, we show that profit sharing does not delay a firm's start-up investment compared to a pure price cap scheme. Profit sharing does not necessarily affect total investment either, if the threshold for profit sharing is high enough. Only a profit sharing intervening for low profit levels could delay further investments. We also evaluate the effects of profit sharing on social welfare, determining profit level that should optimally trigger tighter regulation: profit sharing should be less stringent in sectors where there is more opportunity for larger investment
Flexibility actions of regulated utilities, such as permitting, siting and designing a powerplant pr...
We analyze the impact of a uniform price cap at electricity spot markets on firms investment decisio...
This paper concerns "profit-sharing" within an incomplete regulatory contract where a municipality d...
To avoid the extremely high profit levels found in recent experience of public utilities' regulation...
To avoid high profit levels often experienced in countries where monopolies in public utility sector...
To avoid the extremely high profit levels found in the recent experience of public utilities\u2019 r...
To avoid high profit levels often experienced in countries where monopolies in public utility sector...
This article examines the properties of wage and profit-sharing contracts in a model of oligopoly wi...
We analyse the behavior of a firm where workers share profits with shareholders by using a model cas...
The impact of a mandatory tax on profits which is transferred to workers is analyzed in a general eq...
This paper examines a three-period model of an investment decision in a network industry characteriz...
This paper investigates the effect of profit sharing on the economy by using a Kaleckian model. Unli...
Aoki's profit sharing firm organization is associated with the option evaluation model of investment...
This paper investigates the effect of profit sharing on the economy by using a Kaleckian model. Unli...
This paper analyzes the impact of profit sharing on the incentives that individuals face to set up t...
Flexibility actions of regulated utilities, such as permitting, siting and designing a powerplant pr...
We analyze the impact of a uniform price cap at electricity spot markets on firms investment decisio...
This paper concerns "profit-sharing" within an incomplete regulatory contract where a municipality d...
To avoid the extremely high profit levels found in recent experience of public utilities' regulation...
To avoid high profit levels often experienced in countries where monopolies in public utility sector...
To avoid the extremely high profit levels found in the recent experience of public utilities\u2019 r...
To avoid high profit levels often experienced in countries where monopolies in public utility sector...
This article examines the properties of wage and profit-sharing contracts in a model of oligopoly wi...
We analyse the behavior of a firm where workers share profits with shareholders by using a model cas...
The impact of a mandatory tax on profits which is transferred to workers is analyzed in a general eq...
This paper examines a three-period model of an investment decision in a network industry characteriz...
This paper investigates the effect of profit sharing on the economy by using a Kaleckian model. Unli...
Aoki's profit sharing firm organization is associated with the option evaluation model of investment...
This paper investigates the effect of profit sharing on the economy by using a Kaleckian model. Unli...
This paper analyzes the impact of profit sharing on the incentives that individuals face to set up t...
Flexibility actions of regulated utilities, such as permitting, siting and designing a powerplant pr...
We analyze the impact of a uniform price cap at electricity spot markets on firms investment decisio...
This paper concerns "profit-sharing" within an incomplete regulatory contract where a municipality d...