adequacy requirements, privately rational but socially inefficient disintermediation, and competitive international de-regulation …

federal regulation. Several studies have measured the deadweight loss from the price ceilings that were imposed during this … analysis for the regulation of other markets. Using a household-level, discrete-continuous model of natural gas demand we …-2000, effectively doubling previous estimates of the total welfare losses from natural gas regulation. We find that these allocative …

the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …

This paper examines optimal price (i.e. ‘sliding scale’) regulation of a monopoly when efficiency and managerial effort … are not observed. We show how to operationalize this model of incentive regulation and use actual data from electricity … distribution in England and Wales to make welfare comparisons of sliding scale regulation with a price cap regime and the First …

performance sensitivity of managerial pay, taking external corporate governance and auditing regulation into account. For given …

absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …

We examine regulation as a repeated game between a regulator and a utility facing a Markovian sequence of demands. Sunk … regulation can improve on these equilibrium outcomes, although at higher consumer costs, and only if state-contingent transfers …