Now showing items 1-17 of 17

    • Aggregate liquidity shortages, idiosyncracic liquidity smoothing and banking regulation 

      Wagner, Wolf (CFAP, Cambridge Judge Business School, University of Cambridge, 2005)
      This paper develops a model of banking fragility driven by aggregate liquidity shortages. Inefficiencies arise because liquidity smoothing across banks breaks down when there is such a shortage, causing unnecessary and ...
    • Benchmarking Electricity Liberalisation in Europe 

      Green, Richard J.; Lorenzoni, Arturo; Perez, Yannick; Pollitt, Michael G. (Faculty of Economics, University of Cambridge, UK, 2006-03)
      In this paper, we discuss the choice and use of benchmarks in each of five areas relevant to an assessment of the progress of EU electricity sector liberalisation. These areas are market design, market power, EU enlargement, ...
    • Beyond Regulation 

      Littlechild, Stephen C. (2006-03-14)
      The ‘standard model’ of electricity reform has been refined in many countries but not extended to others. Government is supplanting the role of regulation. Revised calculations suggest that the benefits of UK electricity ...
    • Credit risk transfer and financial sector performance 

      Wagner, Wolf; Marsh, Ian (CFAP, Cambridge Judge Business School, University of Cambridge, 2004)
      In this paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial system in a model with endogenous intermediation and production. Our analysis suggests that with respect ...
    • Does the Social Cost of Carbon Matter? Evidence from US Policy 

      Hahn, Robert W.; Ritz, Robert A. (University of Chicago Press, 2015)
      We evaluate a recent U.S. initiative to include the social cost of carbon (SCC) in regulatory decisions. To our knowledge, this paper provides the first systematic analysis of the extent to which applying the SCC has ...
    • Electricity Distribution Networks: Investment and Regulation, and Uncertain Demand 

      Jamasb, Tooraj; Marantes, Cristiano (Faculty of Economics, 2011-01-31)
      Electricity distribution networks are capital intensive systems and timely investments are crucial for long-term reliability of their service. In coming years, in the UK, and elsewhere in Europe, many networks are in need ...
    • Electricity Reform in Argentina: Lessons for Developing Countries 

      Pollitt, Michael G. (2006-03-14)
      Argentina was one of the first countries in the world to implement a comprehensivereform of its electricity sector in the recent period. Among developing countries onlyChile has had a comparably comprehensive and successful ...
    • Electricity Reform in Chile: Lessons for Developing Countries 

      Pollitt, Michael G. (2006-03-14)
      Chile was the first country in the world to implement a comprehensive reform of itselectricity sector in the recent period. Among developing countries only Argentina hashad a comparably comprehensive and successful reform. ...
    • Establishing a European securities regulator: is the European Union an optimal economic area for a single securities regulator? 

      Alexander, Kern (CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
      The paper’s purpose is to address the economic, institutional, and legal issues confronting the establishment of a more centralised approach to EU securities regulation and to suggest that the theory of optimum currency ...
    • The Hunter Valley Access Undertaking 

      Bordignon, Stephen; Littlechild, Stephen (Faculty of Economics, University of Cambridge, UK, 2012-04-25)
      On 29 June 2011 the Australian Competition and Consumer Commission (ACCC) accepted an access undertaking from Australian Rail Track Corporation (ARTC) in relation to the Hunter Valley rail network. The ACCC encouraged ARTC ...
    • A model for assessing accountability of nuclear regulatory institutions 

      Lavarenne, Jean; Shwageraus, Eugene; Weightman, Michael (Elsevier, 2016-06-14)
      The Fukushima-Daiichi Accident demonstrated the need of assessing and strengthening institutions involved in nuclear safety, including the accountability of regulators. There are a few problems hindering the path towards ...
    • Ownership Unbuilding in Electricity Markets - A Social Cost Benefit Analysis of the German TSO'S 

      Brunekreeft, Gert (Faculty of Economics, University of Cambridge, UK, 2008-08)
    • Precision Medicine: Drowning in a Regulatory Soup? 

      Nicol, Dianne; Bubela, Tania; Chalmers, Don; Charbonneau, Jan; Critchley, Christine; Dickinson, Joanne; Fleming, Jennifer et al. (Oxford University Press, 2016)
      Precision medicine is promoted as having the capacity to deliver more personalized healthcare, tailored to an individual’s genetic characteristics, health status and family history. Various sectors of the healthcare industry ...
    • Reference Models and Incentive Regulation of Electricity Distribution Networks: An Evaluation of Sweden’s Network Performance Assessment Model (NPAM) 

      Jamasb, Tooraj; Pollitt, Michael G. (Faculty of Economics, University of Cambridge, UK, 2007-09)
      The world-wide electricity sector reforms have led to a search for alternative and innovative approaches to regulation to promote efficiency improvement in the natural monopoly electricity networks. A number of countries ...
    • Stipulations, the Consumer Advocate and Untility Regulation in Florida 

      Littlechild, Stephen C. (Faculty of Economics, University of Cambridge, UK, 2006-05)
      Relatively little is known about the practice of settlement rather than litigation in US utility regulation, or about the activities of consumer advocates. This paper presents evidence from Florida. During 1976-2002, over ...
    • Use of Long-term Auctions for Network Investment 

      McDaniel, Tanga; Neuhoff, Karsten (2004-06-16)
      Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity ...
    • Using regulatory benchmarking techniques to set company performance targets: the case of US electricity 

      Nillesen, Paul; Pollitt, Michael G. (Faculty of Economics, University of Cambridge, UK, 2008-08)