complementarity. -- competition ; complementarity ; concentration ; regulation, separation, substitutability. …

informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …

Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …

We analyse a (differentiated good) industry where an incumbent firm owns a network good (essential input) and faces … potential competition in the (downstream) retail market. Unlike the traditional approach, we consider a scenario where the … the efficient (Ramsey) prices and access charge taking the impact of a non-discriminatory mechanism on entry decision into …

competencies for the regulation of the European network industries. …The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative … economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An …