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 …

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

. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms … contracting, ownership and regulation than does state ownership. Regulation of customer-owned distribution (and transmission) is … ownership has evolved as an effective substitute for regulation. Policy implications are drawn …

" sector while maintaining state ownership and control of the monopoly "grid". This paper examines the details of reform and …

"Regulatory reform" once meant either "alternatives to rate-of-return regulation" or "the advantages of privatization … separation between potentially competitive "upstream" sectors and their corresponding natural monopoly grid sectors. This paper …

in El Salvador. Antitrust legislation, consumer protection and an adequate regulation of privatized utilities are central …