We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The …

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. …

should be evaluated relatively using extra-financial ratings. In summary, our findings advocate for a unified regulation …

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. …