Blockchain, or Web3 technology has the potential to disrupt the everyday use of the Internet. The polarised discussion around blockchain technology is notoriously difficult to navigate between the opposing narratives of blockchain evangelists and skeptics. This article focuses on blockchain...

As climate change augurs longer wildfire seasons, safe, reliable, and competitive energy and communications markets depend on sound infrastructure and well-calibrated regulation. The humble wooden utility pole, first deployed in America in 1844 to extend telegraph service, forms the twenty-first...

The underlying concept of a “natural” monopoly is that costs for a given output are minimized when one firm produces that output. This paper shows that a paradox arises for certain infrastructure and delivery products satisfying widely accepted technical criteria for such monopolies: Under...

This essay is a contribution to a symposium at University of Utah. It begins with a summary of the history of energy regulation from 1960 until 2011. It then makes three arguments. First, the essay argues that the US should abandon pursuit of the goal of energy independence and pursue...

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...

The paper was elaborated within the contract no. 53/2007 as an integrated part of the Sector Plan for R&D in industry 2007-2008. The study is structured on five chapters that envisage: a stage analysis at national level regarding the application of the measures of energetic efficiency; the...

The community service of public utilities has known all through time various regulations and revisions that have been done according to the political, economic and administrative views of that period. In the 1866 Constitution, they were considered as public utilities, whereas Law 129/1938...

This article presents a quantitative approach to restructuring public and public utility enterprises, particularly during downsizing requests. The large number of employees in the public sector can be one of the causes for economic instability at country level. That is particularly visible in...