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We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10012822098
basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical … because exemption induces additional harmful activity to be channeled their way. This article analyzes optimal regulation with … regulation, which illustrates the contrast with the mechanism design approach that analyzes the optimal use of instruments of a …
Persistent link: https://www.econbiz.de/10011772391
Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
Persistent link: https://www.econbiz.de/10012220065
regulation ; system operation ; multi-contracting …
Persistent link: https://www.econbiz.de/10003969254
Persistent link: https://www.econbiz.de/10008907362
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; regulation …
Persistent link: https://www.econbiz.de/10009159200
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, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues - the European policy …
Persistent link: https://www.econbiz.de/10011490672
Good intentions are no substitute for sound economic regulation. Using the ‘in-vestment ladder’ as the stick and …. Instead, rule-based regulation of network-specific market power should be implemented by means of a disaggregated regulatory … mandate, limit-ing incentive regulation to essential facilities as a whole. …
Persistent link: https://www.econbiz.de/10003842082