We define a supervised market mechanism to deal with the airport slot allocation problem. This mechanism is based on the principles underlying the AIP model for regulation of radio spectrum. Incentive prices for airport slots should reflect an estimate of the marginal value of each slot to end...

We study how the vertical industry structure affects investment in network quality and social welfare, with a focus on the prospective deployment of high-speed broadband access networks (the so-called NGA). We model pros and cons of vertical separation, namely, pro-competitive effects and loss...

We provide a general procedure to deal with the airport slot allocation problem, which applies the principles underlying the Administered Incentive Pricing model for regulation of radio spectrum in electronic communications markets. In particular, we propose an incentive pricing mechanism that...

We provide a general procedure to deal with the airport slot allocation problem, which applies the principles underlying the Administered Incentive Pricing model for regulation of radio spectrum in electronic communications markets. In particular, we propose an incentive pricing mechanism that...

If the access network is an economic bottleneck, then the regulator may consider vertical separation of the telecommunications incumbent. There is the concern that separation dilutes quality-enhancing network investment, and social welfare. We show that, despite some loss of operational...

We analyze the impact of access price regulation on the entrants' investment in network quality. We consider a dynamic framework where developing an alternative infrastructure requires both time and a captive customer base. We show that a multi-period schedule where regulated access charges rise...

We estimate the standard costs in the Italian local bus transport system by means of a top down approach. Commercial speed results the most important cost driver, while economies of scale are low and only present in the case of small transport operators. Medium sized and large operators exhibit...

We introduce a multi-attribute combinatorial auction-based mechanism, called contract clause mechanism (CCM), as a mean to innovate procurement design related to outsourcing of facility management activities. The CCM allows a procurer and sellers to dynamically and simultaneously bargain the...

We study the welfare effects of parallel trade (PT) considering investment in quality. We thus revisit the case for PT in research-intensive industries. We find that PT may raise quality, depending on how preferences for quality differ across countries. Conditional on quality, consumer surplus...

We study the case where parallel trade (PT) stems from government price controls in a foreign country. We remove the presumption that PT blunts dynamic efficiency if the government has partial commitment ability. We model the R&D firmÕs option to serve the foreign country, and find that PT may...