the context of TPA regulation. We then show that this setting compels the leader to adopt a strategic storage decision … leader decision is part of a strategy to raise a rival's costs. Furthermore, one can think that optimal regulation of the …

Although we have many tools to understand the effect of regulation on firm entry, we know little about the importance … of actual regulation enforcement. For this purpose, this paper uses data from Spain's local television industry from 1995 … regulation and a posterior liberalization. During this period, the local television industry transitioned from a state of …

Cost-of-service regulation that reduces prices will also reduce incentives to control cost. Increased output … leaves a positive welfare gain when regulation reduces price by some percentage. To be useful to regulators, these … regulated industries, price must fall by half to outweigh cost increases of as little as 2%. Cost-of-service regulation appears …