consumers. The regulator designs a mechanism that guarantees financing of the essential input and adequate competition in the … competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …

What is a good balance between competition and coordination in network industries? Network unbundling aims to promote … competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be … coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …

Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …

. Both sectors will be at least partly vertically disintegrated, with the aim of creating competition in the "upstream … role of the Ministry for Antimonopoly Policy in reform, both in the past as an "advocate for competition" within the …

under competition law-based sector governance (the period from 1987 to 2001) and under industry-specific regulation (2001 to …-specific regulation, however, transfers to consumers appear to have reduced, transaction costs have increased and delays are being … incurred in the deployment of new applications and technologies relative to the competition law regime as participants engage …

Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost …-minimizing behavior regardless of market competitiveness, but agency models of managerial behavior suggest possible scope for competition …