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economists' treatment of network industries: from cost-of-service regulation through incentive regulation to vertical …
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Naturally monopolistic network industries are subject to regulation of access to market and charging in order to … achieve optimal use of infrastructure and avoid the abuse of monopoly power. Relatively little is known what results does such … regulation generate and whether it achieves objectives. Literature states that due to the context-specific nature of regulatory …
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of government regulation has failed to handle the central regulatory problem--the mixture of competive and monopoly …
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We provide a model of local railway passengers service able to account for the main specific characteristics of the sector under vertical separation. Afterwards, we use this model to carry out both a normative analysis of the operators’ investment decisions and an assessment of the welfare...
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Many European countries have sought to increase the efficiency of national railroad companies through a range of reforms: separating infrastructure and operations, creating independent regulatory institutions and providing access to the network to third parties. To estimate the effects of...
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