This paper analyzes whether the two tasks of building infrastructures which are socially useful in providing public services and managing these assets should be bundled or not. When performance contracts can be written, both tasks should be performed altogether by the same firm if a better...

This paper covers network investment problems under decentralized control of regulation, infrastructure ownership and management. The model features two countries managing domestic infrastructures, used simultaneously for downstream international service provision. Initially, the welfare losses...

We study collusion between a regulated firm and an unregulated competitor selling differentiated goods in a common market. There exists an institutional incompleteness that prevents the regulator from contracting with the competitor. Due to this, the effectiveness of yardstick mechanisms can be...