provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation …, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory … provides a novel rationale for the wide-spread use of price regulation and licensing in real-world markets for expert services. …

economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …

not form a homogeneous group: constraints are different when controlled for export intensity, ownership, location, and …

reforms in India, the results of our empirical analysis provide evidence of strong ownership effects with board independence …

suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a … imperfections in legal unbundling (keeping ownership fixed) generally increases total output. Increasing the incumbent's ownership …, higher ownership shares of the downstream incumbent may sometimes lead to lower degrees of imperfections. Our analysis …