costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

reduces economic welfare in all instances. That is, even with monopoly supply, regulation offers no improvement in economic … Access services. Given the present debate over expanding price regulation in this sector, the importance of market definition … on the expected economic effects of regulation is worth evaluating. In this paper, we demonstrate that if geographic …

an FDR market featuring either (i) both DSO and aggregators; or (ii) a monopoly aggregator also supplying generation to … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …

good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …

monopoly outcome. Within the framework of the "passive regulator" that this logic entails, public regulation cannot alter the …The authors explain why the elementary logic of rate-of-return regulation generates not the competitive outcome but the … monopoly outcome, but can only change the form in which the monopoly rent is captured. The authors also explain why it is …

market, monopoly pricing is well defined - as well as tests for predatory behavior; not so with multisided markets. Since the … markets for their potential for determining consumers' harm and welfare effects, as well as defining monopoly and predatory …

good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …

begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter … commitment powers are limited. The chapter then analyzes the design of practical policies, such as price cap regulation, that are …