Arbeitspapier
Regulating national firms in a common market
We consider the regulation of national firms in a common market. Regulators can influence the production of national firms but they incur in a positive cost of public funds. First, we show that market integration is welfare improving if and only if the efficiency gains compensate for the negative public finance effect (related to business stealing). We also show that supranational competition can have very different consequences on the rent seeking behaviour of firms, depending on cost correlation and ex-ante technological risk. Finally, we characterize the global optimum and show how it can be sustained in a decentralized bargaining solution.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2209
- Klassifikation
-
Wirtschaft
Legal Monopolies and Regulation or Deregulation
Economics of Regulation
Economic Integration
- Thema
-
regulation
competition
market integration
cost of public funds
Marktintegration
Regulierung
Wettbewerb
Makroökonomischer Einfluss
Gesamtwirtschaftliches Anlagevermögen
Agency Theory
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Biancini, Sara
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Biancini, Sara
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2008
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