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In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10010358241
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10013157426
We study the regulation of a firm which supplies a regulated service while also operating in a competitive, unregulated … (with price and quantity competition) and optimal regulation that involves an informational externality to the competitors …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is …
Persistent link: https://www.econbiz.de/10008811378
. First, sector-specific regulation can be used to address market failures, such as, for instance, the presence of bottlenecks … of this paper will be on ex ante regulation. There is indeed considerable debate regarding the regulatory framework …-handed approach to regulation. Pursuant to this view, the forthcoming postal directive should only provide for minimal regulatory …
Persistent link: https://www.econbiz.de/10014057544
In health care, many aspects of the delivery of services are subject to regulation. Often the purpose of the regulated … analyse the effect of price regulation and free choice on quality in physiotherapy organised by the Social Insurance … effect of the regulation and for this task we have defined the regulated and non-regulated firms and their quality before and …
Persistent link: https://www.econbiz.de/10011668949
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10010264297
In the last decade, the Department of Transportation has abandoned its previously liberal, market-oriented policies towards international airline competition. While the policies of the 1980s and 90s were designed to maximize industry competitive dynamics so that consumers could benefit from...
Persistent link: https://www.econbiz.de/10014186900
coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …
Persistent link: https://www.econbiz.de/10010423547
of regulation on R&D investment. Nearing competition has a dampening effect on R&D spending, but once the market and … could not find any evidence that (ownership) unbundling and incentive regulation affect R&D expenditures of the utilities. …
Persistent link: https://www.econbiz.de/10010337284