Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...

Jean-Jacques Laffont's work has deeply influenced public economics, and has established an important framework for the theory of incentives and regulation. He died in 2004, but his last book, based on the Caffe' Lecture in Rome, has now been published (Laffont J-J, Regulation and Development,...

We study the impact on consumers of privatization and liberalization in the telecommunication sector for 15 EU Countries. Policy reforms are summarized by the OECD regulatory indicators (REGREF), that consider the extent of privatization, vertical disintegration, and market entry. After...