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Cristiano Antonelli

The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This chapter explores the role of the reactivity of firms to out-of-equilibrium conditions and of knowledge governance in assessing the chances that creative responses actually take place as an alternative to adaptive responses. It implements a systemic frame able to show that: i) the quality of knowledge governance is a determinant in making the response of firms creative rather than adaptive; and ii) the levels of firms’ reactivity enhance the rates of introduction of innovations and increase total factor productivity.

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Elizabeth Schroeder, Carol Horton Tremblay and Victor J. Tremblay

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Introduction

The Challenges Ahead‎ for Transmission and Distribution

Edited by Leonardo Meeus and Jean-Michel Glachant

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The British reference model

The Challenges Ahead‎ for Transmission and Distribution

Vincent Rious and Nicolò Rossetto

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Introduction

Theory

Luis C. Corchón and Marco A. Marini

We introduce here the first volume of the Handbook of Game Theory and Industrial Organization: Theory, by L.C. Corch—n and M.A. Marini (eds) by describing its main aim and its basic structure.

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Introduction

Applications

Luis C. Corchón and Marco A. Marini

We introduce here the second volume of the Handbook of Game Theory and Industrial Organization, by L. Corch—n and M.A. Marini (eds), describing its main aim and its basic structure.

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Foreword

Theory

Edited by Luis C. Corchón and Marco A. Marini

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Foreword

Applications

Edited by Luis C. Corchón and Marco A. Marini

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Preface

Evaluating Privatisation, Regulation and Liberalisation in the EU

Edited by Massimo Florio

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Massimo Florio

Some regulatory reforms cannot be simply described by the change of a microeconomic signal, or macroeconomic instrument, leading to a specific marginal effect on social welfare. Rather, they should be represented by packages shifting a policy framework. The aim of this chapter is to discuss the theoretical foundations of the evaluation of policy framework reforms in network industries. Some potential interpretational pitfalls are identified and some guidance on carrying out econometric analyses is provided. Since the use of categorical variables has become widespread in the empirical evaluation of such reforms, methodological issues and conceptual errors that might be introduced when building numerical proxies of reforms are discussed. Some of these issues are key for the correct assessment of reforms and hence for formulating coherent policy recommendations.