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field of regulation and antitrust, raises important issues in organizational and institutional economics. The economics … consider the subtle complementarity and substitutability between competition policy and ex-ante regulation, and its …
Persistent link: https://www.econbiz.de/10013073061
Regulatory independence has been proposed as a mechanism to alleviate the commitment problem associated to the sunk nature of investments in network industries. This paper summarizes the author's and others' work in this field (in a pause to take stock of several years of research) and, in...
Persistent link: https://www.econbiz.de/10014044943
in network industries and the interaction between structural and behavioral regulation. Central or federal policy making … regulation due to high fixed administrative costs, but may use other policy objectives as a commitment device. When technology … regulation expand. Liberalization will typically require institutional cooperation, but cooperation has costs and may be …
Persistent link: https://www.econbiz.de/10014045145