this separation interact with the regulation of the product market. The main issue to be addressed here is how the degree … concentration. When political objectives are added to the analysis, it is shown that lobbying with managers induces levels of … concentration levels than in the benchmark. In the case of managerial lobbying, the leniency of the regulatory climate does not have …

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

What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model …

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

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 …

maker does not react unless all of them are actively lobbying. In a ‘mutual discipline’ or high-trust equilibrium, by …