This paper analyzes how far a regulated price should be adjusted to realized marginal cost in a stochastic environment. Lyon (1996) shows that partial cost passthrough will improve welfare relative to an exogenously fixed price cap even if incentives for effort supply are reduced. In this paper...

Der Artikel beschäftigt sich mit der Entwicklung von Regulierungen in verschiedenen Bereichen in Industriestaaten. Es werden fünf Felder untersucht, in denen es Veränderungen in Regulierungen gegeben hat und es werden die Erfolge der Reformen von Regulierungssystemen aufgezeigt.

Fibre-deployment of next-generation communications networks is currently a major challenge for investing firms as well as for national regulators and is also subject to hot debates at EU level. This work examines the role of regulatory policies and competition controlling for relevant supply and...