We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …

television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation …

Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …

Can international migration promote better institutions at home by raising the demand for political accountability? In … order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … countries with better governance, especially return migrants. …

study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation …