asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …

bad. In a market setting with multiple consumers per expert, a cross-consumer externality arises: one consumer's payment … provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation …

's competitiveness is adversely affected by: (i) poor regional infrastructure networks; and (ii) weak institutional capacity. Increased …