Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most …

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 …

In this paper I propose implementing a “private regulation regime” for healthcare which would realign health care … medicine and offensive medicine. The private regulation regime would consist of private firms which would develop clinical … prescribed by the guidelines would expose them to liability. This private regulation regime would require five changes in present …

Transnational private regulation (TPR) consists of regulatory regimes that are enacted by private actors with or …'. In some cases, there are multiple regimes, while in others a monopoly or an oligopoly emerges. The reasons for these … organizations that operate in the same sector. While monopoly or oligopoly may undermine the legitimacy, efficiency and …