In this paper we compare the properties in terms of rent extraction of Hotelling spatial competition and monopoly franchises using Dutch first price auctions, two of the most widely used tools to regulate public service provision. In a framework where the regulator can imperfectly observe costs,...

Italian wine is one of the most famous products worldwide and yet very little is known about the main determinants of its price, especially on the domestic market.In this article we show the main determinants of price for Italian red wine sold on the domestic market through the estimation of an...

The paper studies the incentive for providers to invest in new health care technologies under alternative payment systems, when the patients' benefits are uncertain. If the reimbursement by the purchaser includes both a variable (per patient) and a lump-sum component, efficiency can be ensured...