This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We … regulatory set-up in which firms are free to enter natural monopoly markets and to choose their price and output levels as in the …-up allows governments to avoid re-funding moneyloosing firms and that welfare is larger than under traditional regulation where …

policy debate on interconnector expansion and studies two particular points. First, the effects of network regulation on the …

the efficient and the monopoly benchmarks. There remains a rationale for regulation, albeit reduced relative to the …, in which regulation has been imposed on what appears to be a competitive industry. We introduce a framework which … the termination charge being set at the monopoly level), and one analyzing mobile-to-mobile network interconnection (where …

sector regulation and objectives as a context within the process of implementation of competition law in the energy sector … and third, we will investigate how sector regulation in energy sector incorporates competition law principles and affirms … combined with the need for effectiveness and focus on other than competition objectives of sector regulation and we will result …

-cap incentive regulation, independent regulatory agencies and an emphasis on introducing competition where possible. For each …, and these weaknesses call for a model of regulation designed specifically to address them …

transition from regulation to product market competition. First, we develop a theoretical framework that models this particular …

Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately …