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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behaviour of firms once they are in the market. We adapt the Clark-Groves mechanism, characterize the optimal mechanism that maximizes the...
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others by reducing their profit margins. The paper thus founds capital adequacy regulation upon the market failure and … suggests that this regulation should bind not only commercial banks, but all financial intermediaries, including private …
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that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … may be social welfare enhancing. -- regulation ; Lobbying ; asymmetric information ; energy markets. …
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