Review of Network Economics最新文献_第5页

Frontmatter

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-12-01 DOI: 10.1515/rne-2020-frontmatter4

引用次数: 0

Direct Interconnection and Investment Incentives for Content Quality 内容质量的直接互联和投资激励

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-09-01 DOI: 10.2139/ssrn.2872908

S. Kim

引用次数: 2

Frontmatter

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-06-26 DOI: 10.1515/rne-2019-frontmatter2

引用次数: 0

Market Power and Marginal Cost Effects in Competing Markets: Evidence from Airline Mergers 竞争市场中的市场力量和边际成本效应:来自航空公司合并的证据

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-06-26 DOI: 10.1515/RNE-2018-0024

B. L. Huubinh, Yimga Jules

{"title":"Market Power and Marginal Cost Effects in Competing Markets: Evidence from Airline Mergers","authors":"B. L. Huubinh, Yimga Jules","doi":"10.1515/RNE-2018-0024","DOIUrl":"https://doi.org/10.1515/RNE-2018-0024","url":null,"abstract":"There are both market power and cost efficiency effects associated with airline mergers. Previous studies, however, have primarily focused on merger price effects, which is the net effect of these two forces. This paper attempts to decompose and measure these effects by using a model that allows us to derive proxies for market power and cost efficiency. In particular, we are interested in merger effects in markets where the merging airlines directly competed prior to their merger. We study two main mergers – Delta/Northwest and United/Continental – and find that both increase market power in markets where the merging airlines competed prior to merger. We also find evidence of marginal cost efficiencies associated with both mergers. These efficiency effects are relatively larger than the market power effects and come from different sources. In the case of the Delta/Northwest merger, efficiencies come from markets where the merging airlines competed prior to the merger, whereas in the case of United/Continental, they come from markets where the merging firms did not compete. The market power effects only stem from markets with pre-existing competition among merging airlines, perhaps due to the elimination of a competitor in those markets. These findings, thus, support the long-standing hypothesis that market power and efficiency are important in motivating horizontal mergers.","PeriodicalId":45659,"journal":{"name":"Review of Network Economics","volume":"5 1","pages":"63-108"},"PeriodicalIF":0.7,"publicationDate":"2019-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76188331","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}

引用次数: 2

Merchant Card Acceptance: An Extension of the Tourist Test for Developing Countries 商户卡受理:发展中国家旅游测试的延伸

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-06-01 DOI: 10.1515/rne-2019-0030

José Aurazo, J. L. Vásquez

引用次数: 6

The Impact of Structural Reforms and Regulations on the Demand Side in the Railway Industry 结构改革与规制对铁路行业需求侧的影响

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-03-26 DOI: 10.1515/RNE-2019-0006

Mizutani Fumitoshi

引用次数: 1

Frontmatter

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-03-26 DOI: 10.1515/rne-2019-frontmatter1

引用次数: 0

Aligning Quality Incentives and Tariff Adjustments: The Case of the Brazilian Electricity Distribution Sector 调整质量激励和关税调整:以巴西配电部门为例

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2019-03-01 DOI: 10.1515/rne-2019-0044

M. L. Corton, Michelle A. Phillips, A. Zimmermann

{"title":"Aligning Quality Incentives and Tariff Adjustments: The Case of the Brazilian Electricity Distribution Sector","authors":"M. L. Corton, Michelle A. Phillips, A. Zimmermann","doi":"10.1515/rne-2019-0044","DOIUrl":"https://doi.org/10.1515/rne-2019-0044","url":null,"abstract":"Abstract This study investigates the role of aligning tariff adjustments and quality incentives in a Price cap regulatory regime. According to theory costs and quality are positively related. If additional resources are needed to improve service quality, a high cost high quality utility could be at a disadvantage when tariffs are adjusted by an X-factor that does not include quality. The regulator of the electricity distribution sector of Brazil has set up a public ranking of utilities according to quality compliance at the same time that a quality component is added to the X-factor, in 2013. We develop a stochastic cost frontier integrating all components of the X-factor to rank the utilities based on this integrated efficiency. Comparing this rank with the regulator’s public rank we argue that the resulting differences highlight the importance of using the same factors to rank and adjust tariffs in the sector. Otherwise, incentives would be misplaced with respect to factors used in cost adjustments. In addition, our findings reveal that the utilities’ cost behavior with respect to quality depends on the volume of energy delivered. We believe these results could be considered by the regulator when setting incentives and considering factors to adjust tariffs.","PeriodicalId":45659,"journal":{"name":"Review of Network Economics","volume":"13 1","pages":"35 - 62"},"PeriodicalIF":0.7,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90589461","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}

引用次数: 0

The Static-Dynamic Efficiency Trade-off in the US Rail Freight Industry: Assessment of an Open Access Policy 美国铁路货运行业的静态-动态效率权衡:对开放准入政策的评估

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2018-12-01 DOI: 10.1515/rne-2018-0009

Daniel Coublucq, M. Ivaldi, G. Mccullough

{"title":"The Static-Dynamic Efficiency Trade-off in the US Rail Freight Industry: Assessment of an Open Access Policy","authors":"Daniel Coublucq, M. Ivaldi, G. Mccullough","doi":"10.1515/rne-2018-0009","DOIUrl":"https://doi.org/10.1515/rne-2018-0009","url":null,"abstract":"Abstract Considering the US railroad industry, which is characterized by seven integrated firms that provide freight services on tracks they own and maintain, this paper provides a structural model that allows to evaluate the potential effects of opening the rail network to new firms on prices and investment incentives. In particular, we propose a framework for analyzing the tension between static efficiency (pricing behavior) and dynamic efficiency (investment behavior). The investment behavior is rendered endogenous by means of a dynamic model where the current investment depends on the expected future profits. We then use a forward simulation procedure to analyze the effect of an open-access market structure where a new firm uses the network of one of the biggest railroad firm. Under a simple access charge equaled to the marginal cost of access, investment in network infrastructure decreases by 10% per year, leading to a significant decrease in network quality over time. Under this setting, despite the increase of price competition, the decrease in network quality leads to a fall in consumer welfare. Other types of (more evolved) access charges might even allow to relax the tension between static efficiency and dynamic efficiency, allowing more price competition while preserving investment incentives. This topic deserves further research and is beyond the scope of this paper.","PeriodicalId":45659,"journal":{"name":"Review of Network Economics","volume":"44 1","pages":"267 - 301"},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78669132","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}

引用次数: 2

Conquering the Box Office: Factors Influencing Success of International Movies in Russia 征服票房:影响俄罗斯国际电影成功的因素

IF 0.7 4区经济学

Review of Network Economics Pub Date : 2018-12-01 DOI: 10.1515/rne-2019-0017

Sophia Gaenssle, Oliver Budzinski, Daria O. Astakhova

{"title":"Conquering the Box Office: Factors Influencing Success of International Movies in Russia","authors":"Sophia Gaenssle, Oliver Budzinski, Daria O. Astakhova","doi":"10.1515/rne-2019-0017","DOIUrl":"https://doi.org/10.1515/rne-2019-0017","url":null,"abstract":"Abstract This paper empirically examines factors influencing box office success of international movies in Russia between 2012 and 2016. It adds to existing research on national movie markets, by highlighting the relevance of differences in culture, institutions, language, and consumption habits for movie success. Three groups of success factors are distinguished: distribution related (e.g. budget, franchise), brand and star effects (e.g. top actors or directors), and evaluation sources (e.g. critics and audience rating). We add novel region-specific variables like seasonality, time span between the world and local release, attendance of international stars at Russian movie premieres, and title adaptation to Russian culture. The results indicate that budget, franchise, employment of popular actors and directors, electronic word of mouth and audience ratings exert a significantly positive influence on Russian box office success. However, we find significantly negative effects for international critics and, interestingly, the adaption of movie titles. The main contributions of our study are (i) success factors vary between countries with different cultures, (ii) region-specific factors matter, and consequently (iii) results from one market (e.g. the US) cannot easily be generalised.","PeriodicalId":45659,"journal":{"name":"Review of Network Economics","volume":"8 1","pages":"245 - 266"},"PeriodicalIF":0.7,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81547497","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}

引用次数: 48