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This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural monopolies. It covers alternative definitions of natural monopoly, public interest regulatory goals, alternative regulatory institutions, price regulation with full...
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This chapter discusses the difference between determinants of barriers to the mobility of capital and the welfare implications of entry and exit. The first task is confined for identifying situations in which a firm that is established in an industry benefits because of its incumbency. An...
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In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment …. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is … that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending …
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