This paper examines price level regulation in two-sided markets with linear demands. We find that (i) price level regulation increases the price allocation asymmetry when reservation prices differ between the two sides of the market; and (ii) changes in the level of the price cap are divided...

The introduction of retail competition in various states in United States was expected to lower electricity bills, expand the choice set of consumers, and encourage horizontal differentiation by providing value-added services. However, to date, most regulators in states with retail choice often...

Regulatory law : purposes, powers, rights and responsibilities -- The traditional utility monopoly -- Authorizing competition -- Making competition effective -- Monitoring competition for anticompetitive conduct -- Just-and-reasonable prices in non-competitive markets : cost-based rates set by...

In this article we analyse the problem of determining the price for new drugs in a market where a stringent budget constraint on public expenditure exists and we suggest an innovative methodology to set their prices. The market is characterised by asymmetry of information and a high proportion...

In metropolitan areas collective transport is often supplied by many firms and in many modes. The paper focuses on the merging of decisions about prices in two market regimes: monopoly and benevolent regulation through Ramsey pricing. The results confirm that centralization entails efficiency...