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 …

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …

, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform …

III rules, thus suggesting a ‘race to the top' in capital standards. We study regulatory competition when banks are …

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 …