Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...

In April 2013, the Assembly of the Budapest Municipality radically transformed the taxi market in Budapest. This case study analyses the events that led to this decision and also the measure's immediate impact. The study is part of the research project, titled "The Unexpected Consequences and...

Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...

In April 2013, the Assembly of the Budapest Municipality radically transformed the taxi market in Budapest. This case study analyses the events that led to this decision and also the measure's immediate impact. The study is part of the research project, titled "The Unexpected Consequences and...

Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

When assessing the likely net impact of regulation, many jurisdictions test for specific effects on areas of concern, such as small businesses or the environment, as well as for more generalised costs and benefits. This paper considers how best to design a negative-clearance test for the...

The model that we develop here considers that an upstream firm sells a vital input to downstream firms. There are vertical spillovers and two different regulatory policies of the input price: cost oriented regulation and no-regulation. We also admit two alternative market structures: vertical...