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 …

-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …

This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and … the supplier's price of oil, thus decreasing non-OPEC countries' oil demand, and transferring OPEC monopoly rent to non …

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 …

party mimic each other's policies. Moreover partisan politics may also act through a monopoly power effect linked to several … sources of interaction. Yardstick hypothesis, intellectual trend hypothesis and potential partisan monopoly power effect are … intellectual trend hypothesis. Moreover evidence is found of a partisan monopoly power effect: several successive legislatures with …

-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by …

that the monopoly platform does not introduce distortions over and above those arising from the market power of the …