Regulation is a set of constraints imposed on transactions between buyers and sellers. We introduce a dynamic frictional matching model with horizontal differentiation and nontransferable utility in which a regulator determines permissible transactions. We show the existence and uniqueness of a...

We work out the efficiency index of the Delhi Airport using monthly data(March 2000 through July 2004) of international and total traffic of aircraft's, passengers & cargo movements . The study compares the Delhi Airport technical efficiency index with the efficiency indexes of some selected...

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay...