The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of …-off between the government's shadow costs of financing the construction and the operation of the facility and the excessive usage …

We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …

. They are unlikely to be consistent with models of optimal regulation. …

particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each … costs after dropping out (as in a natural-oligopoly problem), the field is immediately reduced to N+1 firms. Furthermore, we …

surveying Pakistani soccer-ball producers. We document six facts: (1) Mark-ups are more dispersed than costs; (2) Mark-ups and … costs increase with firm size; (3) The mark-up elasticity with respect to size exceeds the cost elasticity; (4) Costs …

Mexican exports to the US in 2001, this Paper estimates the likely costs of different RoO for final and intermediate goods … revealed preference criterion that estimated costs should be less than preference rates when utilization rates are …

effects across countries subjected to some set of PSRO and to compute estimates of the compliance costs associated with rules …