This study constructs a successive Cournot model to investigate the possibility that a separated upstream input supplier can solely sell the intermediate good to a separated downstream manufacturer through an exclusive contract in the presence of a vertically integrated rival. We find that the...

The constitutional conception of market integration within the European Union entails creating a level playing field for competition in the consolidated banking sector. The financial crisis of 2008 brought with it the need to proceed with care as it rolled back the gains of improving competitive...

We analyze the Baron and Myerson (1982) model of regulation under the restriction that transfers are infeasible. Extending techniques from the delegation literature to incorporate an ex post participation constraint, we report sufficient conditions under which optimal regulation takes the form...

A buyer wishes to purchase a durable good from a seller who in each period chooses a mechanism under limited commitment. The buyer's value is binary and fully persistent. We show that posted prices implement all equilibrium outcomes of an infinite-horizon, mechanism-selection game. Despite being...

This work is divided into two complementary parts. In the first part, we develop a partial equilibrium model, through which it is possible to analyze the influence of tariff modicity and the illegal occupation of poles on four agents: energy distributors, telecommunications operators, and energy...

Die Deutsche Bahn musste in den vergangenen sechs Jahren eine Gesamtdividende von 2,85 Mrd. Euro bei einem kumulierten Jahresergebnis von knapp 2,35 Mrd. Euro zahlen. Die DB Netz verfolgte in diesem Zeitraum eine monopolistische Preispolitik für die Verkehrsunternehmen auf den nachgelagerten...