The Resource Three essays in competition consumer policy, Luca Aguzzoni

Three essays in competition consumer policy, Luca Aguzzoni

Label
Three essays in competition consumer policy
Title
Three essays in competition consumer policy
Statement of responsibility
Luca Aguzzoni
Creator
Contributor
Subject
Language
eng
Summary
The thesis is made up of three chapters: The first chapter estimates the effects of antitrust investigations on the market value of the investigated firms. This analysis offers insights on the performance of competition policy and its enforcement. The interest is on investigations carried out by the Italian Competition Authority between 1991 and 2007. We find that the start of the investigation is associated with an average drop of 0.6% in the market value of investigated firms and a later infringement decision implies an average drop of 1%. The event associated with the highest impact is the decision of the last Court of Appeal. When the last Court upholds the Authority's infringement decision the market value of firms drops between 3% and 6%. Interestingly, there is no effect when the last Court annuls the Authority's decision. The second and third chapters study the effects, on retail fuel prices, of a price comparison policy (a typical consumer policy intervention) introduced in the Italian pay-toll highways refueling market. In particular, the second chapter performs an empirical analysis while the third chapter presents an agent based computational economic (ACE) model, which aims to rationalize the empirical evidence and to inform the policy design. Differently from what was expected (by policy makers and consumers associations), the empirical analysis finds that the price comparison policy is associated with a small, but statistically significant, increase in the average price of fuel (0.55 euro cents per liter). Nevertheless, despite this average increase in fuel prices, the policy might help (active) consumers make informed choices and save around 1 euro cent per liter. The ACE model predicts that the introduction of price comparison has a limited effect on market prices as price competition among retailers is only marginally fostered. In addition, the model suggests that consumers that make use of price comparison might save around 0.5 euro cents per liter. These results are consistent with the empirical findings in suggesting that the price comparison policy had a limited impact on fuel retail prices and the overall effect on consumers is mixed
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Aguzzoni, Luca
Date time place
Defence date: 3 October 2011
Dissertation note
Thesis (Ph. D.)--European University Institute (ECO), 2011.
Index
no index present
Literary form
non fiction
Nature of contents
theses
http://library.link/vocab/relatedWorkOrContributorName
European University Institute
Series statement
  • EUI PhD theses
  • EUI theses
http://library.link/vocab/subjectName
  • Competition
  • Consumption (Economics)
Label
Three essays in competition consumer policy, Luca Aguzzoni
Link
http://hdl.handle.net/1814/18994
Instantiates
Publication
Note
Examining Board: Professor Pascal Courty, University of Victoria, Canada, Supervisor ; Professor Luigi Guiso, European University Institute ; Professor Giorgio Fagiolo, Sant'Anna School of Advanced Studies ; Professor Saul Lach, The Hebrew University
Bibliography note
Includes bibliographical references (pages 164-168)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb16991497
Dimensions
30 cm.
Extent
v, 168 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)914474709
Label
Three essays in competition consumer policy, Luca Aguzzoni
Link
http://hdl.handle.net/1814/18994
Publication
Note
Examining Board: Professor Pascal Courty, University of Victoria, Canada, Supervisor ; Professor Luigi Guiso, European University Institute ; Professor Giorgio Fagiolo, Sant'Anna School of Advanced Studies ; Professor Saul Lach, The Hebrew University
Bibliography note
Includes bibliographical references (pages 164-168)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb16991497
Dimensions
30 cm.
Extent
v, 168 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)914474709

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