The determination of interconnection charges is the key to the introduction of competition in telecommunications, electricity, gas, postal services, and several other industries. The paper first recaps standard regulatory policies for interconnection. It then provides a simple account of...

This paper analyzes government-led renegotiations in infrastructure concession contracts in Latin America, based on the same sample used in Guasch, Laffont and Straub (2003) to examine firm-led renegotiations. After extending the theoretical framework to a multiple-period context in which both...

The use of false regular prices is a major case of misleading advertisement in what seems to be quite competitive markets. The authors construct a competitive model with rational expectations in which such misleading advertising emerges. They assume that there is competition locally, but that...