. Since publicly owned water utilities in Sweden are governed by a cost-of-service regulation, prices in neighboring …

price caps. These experiences posit the fundamental question of whether capacity regulation is desirable in competitive and …

evidence provided by the experience with economic regulation in the gas, electricity, and railways industries in Italy. On the …The global experience with economic regulation shows that many industries which are subjected to economic regulation …

This paper analyses the foundations of efficient-firm regulation (implemented in Chile for almost two decades), and the … companies. We show that efficient-firm regulation implies setting prices equal to long-run average cost, which is optimal when … the firm is required to be self-financing. In contrast, this is not true of the best-known alternatives, namely regulation …