paper we have accentuated the importance of quality regulation, which is a rather neglected field in the theory of … 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 …

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 …

Why regulate natural monopolies? Conventional economic theory points to the price-marginal cost margin and the ensuing … pursued stable pricing. When pressed, regulators justify rejection of the conventional theory on the grounds of pursuit of … fairness' or equity. Could it be that the conventional economic justification for natural monopoly regulation is flawed? Some …

This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We …-up allows governments to avoid re-funding moneyloosing firms and that welfare is larger than under traditional regulation where …

We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …

-offs between litigation and regulation as modes of governance, including how laws change under each regime over time. Data on 1 … approach (litigation in the UK, regulation in the US), even within the domain of M&A law. Subject to strong limits on external … regulation and litigation, even for otherwise similar nations in a similar context, and that a combination of interest groups …

country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …