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We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency (marginal utility of output) are private information, but actual cost (the difference between intrinsic cost and effort level) is observable. This is a problem of...
Persistent link: https://www.econbiz.de/10010240853
We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency (marginal utility of output) are private information, but actual cost (the difference between intrinsic cost and effort level) is observable. This is a problem of...
Persistent link: https://www.econbiz.de/10010369417
We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency (marginal utility of output) are private information, but actual cost (the difference between intrinsic cost and effort level) is observable. This is a problem of...
Persistent link: https://www.econbiz.de/10011030510
The aim of this paper is to provide a European perspective of airports’ abuse of dominant position regarding airport charges. As airports have traditionally held a monopoly position in their respective geographical market, the EU member states have regulated the airport charges paid by...
Persistent link: https://www.econbiz.de/10009643249