settings. We find that incentive regulation may perform better than cost-based regulation but only when appropriate weights are …. Thus, our analysis provides motivation for further research in order to characterize optimal regulation for transmission …

Real life applications of Yardstick Regulation frequently refer to historical cost data. While Yardstick Regulation … Yardstick Regulation was meant to overcome can occur and firms can realize positive rents because of the use of historical cost …

manufacturer) on pharmaceutical regulation in a North-South framework with a firm's endogenous decision to export to the South … via reimbursement limits. Parallel trade may relax regulation in the source country of parallel imports (South) and … intensify regulation in the destination country (North): In the source country, parallel trade may relax regulation both under a …

, inflation regulation can cause inflation to rise, but only because firms are reducing launch prices to make the regulation bind …