This article examines the current economic thinking on prices regulation of utilities. In particular, the article …

This paper contains a review of the institutions, markets and regulation involved in the financial sector in PNG. An …

&P, either directly from its own regulation or indirectly from changes in the banking sector regulation and strategies. After … discussing the relevant characteristics of the different pieces of regulation, this study concludes that there is a great … is a common challenge about how to reconcile more risk-sensitive regulation with the search for a yield in a world with …

contribute to extend the analytical toolkit available for macro and micro-prudential regulation. …

system of financial regulation. This paper explores one such concern, i.e. the boundary problem. This arises because … effective regulation, one that actually bites, is likely to penalise those within the regulated sector, relative to those just …

(imperfect) substitutes and can engage in lobbying activities. Under centralized regulation, a single regulator is established …, whose mandate is to maximize aggregate welfare. Under decentralized regulation, each firm is assigned to a regulator charged … with maximizing the welfare generated by that firm. With asymmetric cost information, centralized regulation results in a …