the history of financial market regulation. …

Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … transactions costs exceeding £100 million a year for the first five years. Relative to a counterfactual without competition, there …

that competition does not guarantee that exchanges choose welfare maximizing trading rules. In some cases, welfare is …

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

Many utility markets are now being opened to competition, and some regulators have expressed the hope that this will … make the regulation of consumer prices unnecessary. In this paper, entrants offer (differentiated) 'added value', but … level of its costs. This is likely to be the case in the UK's energy industries, but competition may be able to replace …

technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive … positive impact on the quality of the service provided. We also assess the impact of competition from an alternative form of …

television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation … in cable and the more encouraging but incomplete evidence on the benefits of satellite and telco competition. It …