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The optimal industry structure in a vertically related market
Fiocco, Raffaele - 2010
We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic …
Persistent link: https://www.econbiz.de/10010270730
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Regulation of Europe's network industries: the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
competencies for the regulation of the European network industries. …The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative … economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An …
Persistent link: https://www.econbiz.de/10010265451
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Competition and regulation in a differentiated good market
Fiocco, Raffaele - 2011
This paper addresses the issue of how to design the institutional structure of an industry which provides two differentiated products. One good is supplied by a regulated monopoly and the other is produced in a competitive (unregulated) segment. Two possible institutional patterns are compared....
Persistent link: https://www.econbiz.de/10010281510
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Financing Infrastructure under Budget Constraint
Gautier, Axel; Mitra, Manipushpak - 2002
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second...
Persistent link: https://www.econbiz.de/10010263051
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Endogenizing private information: Incentive contracts under learning by doing
Gärtner, Dennis - 2004
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315554
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Monopolistic screening under learning by doing
Gärtner, Dennis - 2007
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563
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The regulation of interdependent markets
Fiocco, Raffaele; Scarpa, Carlo - 2011
that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique …
Persistent link: https://www.econbiz.de/10010281488
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Imperfect Legal Unbundling of Monopolistic Bottlenecks
Höffler, Felix; Kranz, Sebastian - 2007
We study an industry with a monopolistic bottleneck (e.g. a transmission network) supplying an essential input to … suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a …
Persistent link: https://www.econbiz.de/10010264910
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Mergers between regulated firms with unknown efficiency gains
Fiocco, Raffaele; Guo, Gongyu - 2014
informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10010427169
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Environmental regulation under asymmetric information with type-dependent outside option
Vislie, Jon - 2000
also affected by foreign ownership to the industry. It is demonstrated that optimal regulation calls for excessive …
Persistent link: https://www.econbiz.de/10010284294