An incumbent postal service provider faces two issues which make the design of efficient access pricing especially difficult. First, universal service obligations, together with the presence of significant fixed costs, require retail prices to be out of line with underlying marginal costs....

This paper studies whether a monopolist with private marginal cost information has incentives to make cost-reducing innovations through research and development (R&D) when its output and price are regulated according to the incentive-compatible mechanism of Baron and Myerson (1982). Under...

The document is an analytical report on the impact of structural reforms in the Bolivian electricity industry initiated in 1994-95. With the Capitalization Law, the Regulatory System Law and the Electricity Law in particular, the electricity industry experimented a new structure including an...