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Access Pricing Under Imperfect Competition

100%

Onemli M.

nr 1

22-41

The study investigates optimal access charges when the downstream markets are imperfectly competitive. Optimal access charges have been examined in the literature mainly under the condition where only the incumbent has market power. However, network industries tend to exhibit an oligopolistic market structure. Therefore, the optimal access charge under imperfect competition is an important consideration when regulators determine access charges. This essay investigates some general principles for setting optimal access charges when downstream markets are imperfectly competitive. One of the primary objectives of this essay is to show the importance of the break-even constraint when first-best access charges are not feasible. Specifically, we show that when the first-best access charges are not feasible, the imposition of the break-even constraint on only the upstream profit of the incumbent is superior to the case where break-even constraint applies to overall incumbent profit, where the latter is the most commonly used constraint in the access pricing literature. Bypass and its implications for optimal access charges and welfare are also explored.

Convergence Between Kazakhstan’S Financial Systemand International Standards: Overcoming Difficulties

75%

Uvarova N.

nr 2

121-129

This article deals with the convergence of the Kazakh financial system with international standards in light of the new, enhanced agreement with the European Union on partnership and cooperation (January 19, 2015). Based on this research, the approaches used by the Kazakh financial system to converge with the European Union (EU) and the mechanism of implementing international standards in the national regulatory framework are determined. In practice, the study provides justification for the necessity of arranging the systematization of existing rules and regulations covering financial activity in the Republic, eliminating discrepancies between the national regulatory framework and international standards, and determining clear security guarantees for foreign investors’ financial activity in the Republic. The research results are primarily focused on the development of public finance management theory. Theories and conclusions present in the study can be used in the educational processes of economic and legal institutions and in the policymaking activity of public finance management bodies.

EU Competition Law Put to the Brexit Test: What Impact Might the Exit of the UK from the Union Have on the Enforcement of the Competition Rules?

75%

Andreangeli A.

2018

tom 11(17)

7-27

This contribution examines some of the consequences of the UK’s exit from the European Union for the enforcement of the competition rules. It reflects on the impact that Brexit is going to have on future transnational antitrust litigation in Britain and Europe. Thereafter it analyses the challenges that Brexit is likely to present for cooperation in public competition enforcement and suggests solutions for future development.

Cet article examine les certaines conséquences de la sortie du Royaume-Uni de l’Union européenne sur l’application des règles de concurrence. Il se penche sur l’impact que Brexit va avoir sur les futurs litiges transnationaux en matière d’antitrust en Grande-Bretagne et en Europe. Puis, il analyse les défis que Brexit est susceptible de présenter pour la coopération dans l’application de la coopération publique et suggère des solutions pour le futur développement

Agriculture and Law in Japanese Society

51%

Shimogaki S.

2019

nr 43

15-24

This study analyzes the changes in farmland system in Japan. The main policy of post-World War II Japan was regulation of the transfer lease or ownership of farmland, and the conversion of agricultural land into non-agricultural land considering the importance of farmlands. Paradoxically, this policy created some problems, such subdivision of farmland and ownerless lands. To address these problems, the Farmland Intermediary Management Institution was established in 2014 to accelerate farmland concentration and intensify the power of core farmers. In 2016, The Agricultural Land Act was reformed to make it easier for stock companies to own farmland. And, ICT has enabled us to visualize and verbalize tacit knowledge. This study explores the outcomes of these reforms and other unanswered issues.