zero output values without losing its flexibility properties. The tests shed light on the respective roles of regulation …

Economic regulation is portrayed as the objective application of clear economic theory to data in order to develop … appearance of objectivity only skin-deep? This paper argues that it is; that economic regulation is a form of social choice and … consequences of this result for economic regulation using railways as a case study, and charts some potential policy options in …

all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …

This paper builds a dynamic model of utility regulation where a government cannot commit to a time-inconsistent policy …

Access services. Given the present debate over expanding price regulation in this sector, the importance of market definition … on the expected economic effects of regulation is worth evaluating. In this paper, we demonstrate that if geographic … markets are “location specific” and supplied by a monopolist as the proponents of regulation claim, then price regulation …

regulation measures -- disclosure and fines for unsuitable advice -- reduce commission payments and improve advice. None of the … regulation measures result in lower commissions and more suitable advice, however, and advice is equally biased in all treatments …