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In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
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We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The …
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economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …
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should be evaluated relatively using extra-financial ratings. In summary, our findings advocate for a unified regulation …
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