Search Results - "Grout, Paul A."

AI, ML, and competition dynamics in financial markets by Grout, Paul A

“…Abstract There is a common assumption that the adoption of AI and ML in financial markets will make markets more competitive and reduce consumer prices. This…”
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Stock market risk in the financial crisis by Grout, Paul A., Zalewska, Anna

“…In this paper, we look at the effect of the financial crisis from an angle overlooked to date in the finance literature by investigating composition effects…”
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How important is pro-social behaviour in the delivery of public services? by Gregg, Paul, Grout, Paul A., Ratcliffe, Anita, Smith, Sarah, Windmeijer, Frank

“…A number of papers have suggested that pro-social behaviour in the workplace may be sensitive to the institutional environment, but there is little empirical…”
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The costs and benefits of coordinating with a different group by Grout, Paul A., Mitraille, Sébastien, Sonderegger, Silvia

“…We consider a setup where agents care about i) taking actions that are close to their preferences, and ii) coordinating with others. The preferences of agents…”
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Does Experience Make You 'Tougher'? Evidence From Competition Law by Garside, Ludivine, Grout, Paul A., Zalewska, Anna

“…This article investigates experience effects for public officials. Using a unique data set of companies investigated under UK competition law, we find very…”
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Regulatory valuation of public utilities: A case study of the twentieth century by Grout, Paul A., Jenkins, Andrew, Zalewska, Anna

“…This paper analyses the regulatory attitudes to asset valuation in the twentieth century. It focuses in particular on the US experience from Smith v Ames 169…”
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Investment and Wages in the Absence of Binding Contracts: A Nash Bargaining Approach by Grout, Paul A.

“…The paper uses a generalized Nash bargain to analyze input levels, profits, and wages in the absence of binding contracts, and compares these with the…”
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Public and private sector discount rates in public-private partnerships by Grout, Paul A.

“…Whether public sector projects should be discounted at a lower rate than private sector projects is highly contentious. This paper assesses the appropriate…”
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The impact of regulation on market risk by Grout, Paul A., Zalewska, Anna

“…While it is crucial to understand the impact of regulatory changes on market risk, the literature does not show how risk responds to expected regulatory…”
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The effect of option granting on executive stock purchases by Grout, Paul A., Zalewska, Anna

“…We provide a simple asymmetric information model showing that, in contrast to portfolio diversification arguments, there is a natural complementarity between…”
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The Assessment: Financing and Managing Public Services by Grout, Paul A., Stevens, Margaret

“…Public services can be, and are, delivered according to a variety of different arrangements. The public sector can finance and provide a service itself, or…”
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Governance Reform in Legal Service Markets by Grout, Paul A, Jewitt, Ian, Sonderegger, Silvia

“…This article discusses proposed governance reforms of legal services markets. The model distinguishes between a status quo position supported by a system of…”
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The economics of the private finance initiative by GROUT, PAUL A.

“…This article outlines and assesses the private finance initiative in the UK. The initiative has been slow to develop despite pressure from governments (anxious…”
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Competitive Planned Obsolescence by Grout, Paul A., Park, In-Uck

“…We provide a model of planned obsolescence in a competitive market. A feature of the model is that there are configurations where a firm cannot survive in the…”
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MEASURING THE RATE OF RETURN FOR COMPETITION LAW by Grout, Paul A., Zalewska, Anna

“…ABSTRACT This paper focuses on the application and interpretation of measures of rate of return for competition law. Amongst other results, we analyse how…”
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Simple money-based tests for choosing between private and public delivery: a discussion of the issues by GROUT, PAUL A., SONDEREGGER, SILVIA

“…The decision when to provide services by the public sector and when to use the private sector is a fundamental one. The economic literature emphasises that the…”
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Privatisation of utilities and the asset value problem by Grout, Paul A., Jenkins, Andrew, Zalewska, Anna

“…Privatised utilities are typically characterised by both undervaluation and underpricing. When faced with this problem, regulators have tended to employ a…”
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On the undervaluation of privatized companies by Grout, Paul A., Zalewska, Anna

“…Privatizations are commonly associated with underpricing and undervaluation. Underpricing has received significant attention in the literature, but there is no…”
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Promoting competition in the presence of essential facilities by Grout, Paul A., Park, In-Uck

“…This paper addresses how to use simple access pricing to promote entry in the presence of spillovers and essential facilities. An inherent dilemma is that the…”
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Competition law in telecommunications and its implications for common carriage of water by Grout, Paul A.

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