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An imperfectly-informed regulator needs to procure multiple units of some good (e.g., green energy, market liquidity, pollution reduction, land conservation) that can be produced with heterogeneous technologies at various costs. How should she optimally procure these units? Should she run...
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The factor X in the RPI-X regulation aims to adjust price or revenue allowances to changes in total factor productivity …
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This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural … institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the … measurement of the effects of price and entry regulation in practice. The chapter also discusses the literature on network access …
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This paper studies the effect of pharmaceutical regulation at the wholesale level, if markets are integrated by …
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