costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

reduces economic welfare in all instances. That is, even with monopoly supply, regulation offers no improvement in economic … Access services. Given the present debate over expanding price regulation in this sector, the importance of market definition … on the expected economic effects of regulation is worth evaluating. In this paper, we demonstrate that if geographic …

an FDR market featuring either (i) both DSO and aggregators; or (ii) a monopoly aggregator also supplying generation to … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …

market, monopoly pricing is well defined - as well as tests for predatory behavior; not so with multisided markets. Since the … markets for their potential for determining consumers' harm and welfare effects, as well as defining monopoly and predatory …

likely are entry restrictions, whereas a greater relevance of firms makes a monopoly more probable. The nature of entry …

monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …

monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …