The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …

experiences in other areas suggesting that competition could provide large benefits to hitherto regulated utilities in local …

factors they perceive as drivers and obstacles to financing SMEs. We also study to what degree competition and the … banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate …

firms as well as all the banks and public services were state-owned. Since then, a series of privatization moves have caused …

We consider the regulation of national firms in a common market. Regulators can influence the production of national … that supranational competition can have very different consequences on the rent seeking behaviour of firms, depending on …

. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate …