One important determinant of the speed and success of transition will be the efficiency of transformation and development of the infrastructure sectors. A great deal of attention has been paid to issues such as privatisation, restructuring, user prices, and terms of access in these sectors,...

Introduction of the price regulatory mechanism based on the principle of equal profitability of domestic and export gas sales is announced in Russia. In this article the "price cap" mechanism is considered as a form of incentive regulation; the experience of using the external market price as an...

A price cap on Russian crude oil, at 60 USD/barrel, was implemented in December 2022. Using parsimonious modeling and detailed Russian oil-field data, this paper studies the price cap’s impact on the Russian economy, global winners and losers and how a cap at different levels affects these...