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

We study how competition for talent affects CEO compensation, taking into consideration that CEO decisions and CEO … contracts that generate rents for the CEO. We derive the equilibrium compensation contract, and we describe how competition … changes that contract and the outcome. Intuitively, competition increases realized CEO compensation. It also strengthens the …

measurement of the effects of price and entry regulation in practice. The chapter also discusses the literature on network access …This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural … institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the …