Real life applications of Yardstick Regulation frequently refer to historical cost data. While Yardstick Regulation … Yardstick Regulation was meant to overcome can occur and firms can realize positive rents because of the use of historical cost …

-based competition, by fine-tuning access regulation, working as intended? What can one learn from the Dutch experience? As scale …

This paper shows how scale economies affect welfare-maximizing regulation and regulated firms' investment behavior … economies of scale, and above them otherwise. Despite quantity regulation raising the average cost of building capacity, price …

, privatization, and the (re)structuring of regulation. Second, it attempts to estimate the extent to which these policies have …

-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 …

assessment considers three categories of barriers to entry namely, access to facilities, the slow pace of regulation and … there is considerable scope the incumbent operators' market power, including through stronger regulation of network open …

Over the past twenty years we have seen the emergence of an important phenomenon in the practice of modern regulation …. Also, regulation “as practiced” now may allow an administrative agency to expand greatly its power beyond its statutory …