Brekke, Kurt Richard; Cellini, Roberto; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2008
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … increasing, the steady state quality is higher under the open- loop solution than under the closed-loop solution. Fiercer … competition (lower transportation costs and/or less sluggish demand) leads to higher quality in both solutions, but the quality …