We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail …

with a lowering of chain TFP by about 0.4% pa, about 40% of the post-1995 slowdown in UK retail TFP growth. The foregone …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …

implement the commitment solution with constraints on transfers. Second, absent current competition, the possibility of future … competition between regulated firms and when firms’ private information is correlated. This sharply contrasts with the dynamic of … regulation without such competition. The Paper also explores what limitations on yardstick mechanisms can justify the use of long …

government commitment is credible than in the dynamically consistent equilibrium without commitment. Commitment yields gains but …

We extend the model of Schultz (1996) to a dynamic setting with no policy commitment. Two parties that compete for …

strategies. Without government commitment, there is an additional basis for intervention, whose sign depends on the strategic …

averse and the firm can base incentive payments on good information. Competition, however, may allow the spot market and …