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 …

good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …

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 …

begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter … commitment powers are limited. The chapter then analyzes the design of practical policies, such as price cap regulation, that are …

monopoly outcome. Within the framework of the "passive regulator" that this logic entails, public regulation cannot alter the …The authors explain why the elementary logic of rate-of-return regulation generates not the competitive outcome but the … monopoly outcome, but can only change the form in which the monopoly rent is captured. The authors also explain why it is …

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

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