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On Regulation and Competition : Pros and Cons of a Diversified Monopolist
Scarpa, Carlo - 2009
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10013157426
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Incentives to (Irreversible) Investments Under Different Regulatory Regimes
Panteghini, Paolo M.; Scarpa, Carlo - 2021
This paper addresses the issue of how regulatory constraints affect firm's investment choices when the firm has the option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that these rules...
Persistent link: https://www.econbiz.de/10013321051
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On regulation and competition : pros and cons of a diversified monopolist
Scarpa, Carlo; Calzolari, Giacomo - 2009 - This version: June 2009
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10008811378
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Conglomerates and regulation
Calzolari, Giacomo; Scarpa, Carlo - In: Economic inquiry : journal of the Western Economic … 54 (2016) 3, pp. 1648-1669
Persistent link: https://www.econbiz.de/10011613247
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Investment size and firm's value under profit sharing regulation
Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - 2003
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10011592743
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Regulation at Home, Competition Abroad : A Theoretical Framework
Scarpa, Carlo; Calzolari, Giacomo - 2001
This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...
Persistent link: https://www.econbiz.de/10014127345
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Investment Size and Firm's Value Under Profit Sharing Regulation
Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - 2008
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10014075032
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Incentives to (irreversible) investments under different regulatory regimes
Panteghini, Paolo; Scarpa, Carlo - 2001
This paper addresses the issue of how regulatory constraints affect firm's investment choices when the firm has the option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that these rules...
Persistent link: https://www.econbiz.de/10014460962
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The theory of quality regulation and self-regulation: Towards an application to financial markets
Scarpa, Carlo - 1997
In this paper we review and extend the theory of quality regulation and of self-regulation and try to see to what … markets, several countries have heavily relied upon self regulation (SR) essentially left to financial intermediaries, while …
Persistent link: https://www.econbiz.de/10011608282
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On regulation and competition: Pros and cons of a diversified monopolist
Scarpa, Carlo; Calzolari, Giacomo - 2009
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10010279549