inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

This paper explores consequences of consumer education on prices and welfare in retail financial markets when some …

Regulators must understand basic principles of regulation, to explain with credibility their decissions, to asess the … informational constraints, bureaucratic and political ones. Debates on regulation are turning around the world more important …

procedures, internationalisation needs to be fostered, and competition strengthened. In addition, the negative impact of the …

econometric exercise we illustrate the potential of regulation as an explanatory variable for competition. …The aim of this paper is to describe product market competition in the Belgian economy for the period 1997]2004 and to … illustrate some causality with market regulation. The analysis is held at the industry level, for selected manufacturing and …

This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can … competition outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority … puts less weight on producer surplus and more weight on employment. The relation between competition and entry costs is U …

Recovery of stranded costs is perhaps the most litigious issue encountering regulators in promoting competition in … United States and European utility industries. We build a dynamic model of Cournot competition which takes into account a …