-level regulation will likely make any type of collusion or capture more difficult in the future. …

it to the railroad, electricity, and telecommunications sectors in Russia, Lithuania, Romania, and Poland. …

West, some "natural monopoly" sectors will require continued regulation to protect consumers from monopoly abuses. This … paper focuses on three aspects of the design of regulatory policy in these countries: the appropriate sectors for regulation …

Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent … debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions … the analysis of electricity auctions. In particular, we show that analogies with continuous share auctions are misplaced …

This paper examines the economic rationale of the ideas of Gladstone & Chadwick on railway regulation and the legacy of … their ideas. In 1844 Gladstone proposed and implemented what we would now call price and quantity regulation whereas in 1859 … today; the basic pattern of price and some quantity regulation inaugurated by Gladstone was not abolished until the 1960 …