Due to a lack of information about the prices faced by consumers, demand functions are sometimes estimated using average prices, namely total revenue divided by the number of consumers. Examples of this type of estimation can be found for cinema, sporting events and the performing arts since box...

The main aim of this paper is to develop an econometric approach to the estimation of marginal costs of improving quality of service. Estimating marginal costs of quality can help energy regulators to design more effective incentive mechanisms for network utilities to achieve optimal quality...

In this paper we advocate using the latent class model (LCM) approach to control for technological differences in traditional efficiency analysis of regulated electricity networks. Our proposal relies on the fact that latent class models are designed to cluster firms by uncovering differences in...

We take advantage of the large differences in regulation and electoral results among Spanish municipalities and regions to measure the effect of both regional retail regulation and strict licensing policy on the market structure of large retail establishments in Spain. This allows us to shed...

Recent studies have shown that barriers to entry for large retail establishments in Spain have been increased in the last decade. Using information on local markets, we test whether the entry of large retail establishments was effectively limited by regional regulation and whether it effectively...

The electricity industry in most developed countries has been restructured over recent decades with the aim of improving both service quality and firms’ performance. Regulated segments (e.g. transmission) still provide the infrastructure for the competitive segments and represent a notable...

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