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structural role here. Instead, it can help to signal problems, establish principles and guard boundaries. Regulation and …
Persistent link: https://www.econbiz.de/10013299479
Persistent link: https://www.econbiz.de/10012426632
information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10010358241
mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a … regulated public utility. This is the main reason why in practice the simple $RPI - X$ regulation prevails. Finally, in this …
Persistent link: https://www.econbiz.de/10011539949
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less … intervention should satisfy three criteria: i) value creation from operation of the platforms does not decrease due to the policy …
Persistent link: https://www.econbiz.de/10012405498
Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … those where competition policy works better (market power-based failures such as an artificial monopoly or cartel). We also …
Persistent link: https://www.econbiz.de/10011635985
, while we highlight the major points concerning competition regulation, which are related to the effort for the establishment …
Persistent link: https://www.econbiz.de/10013069761
economic regulation with competition law and policy. This part deliberates on the peculiarities of the latter framework, such …-national cooperation and consolidation between airlines.This is followed by a debate on international harmonisation of air policy and …, such as possible regulation of space tourism under air law, airline ownership and control, balance between aviation safety …
Persistent link: https://www.econbiz.de/10012892534
anticipatory regulatory democracy. 'Competitive supra-governmental regulation' is largely driven by non-state actors and is … achieve effective implementation and widespread public acceptance, this form of regulation appears to stand up relatively well …
Persistent link: https://www.econbiz.de/10012706507