structural role here. Instead, it can help to signal problems, establish principles and guard boundaries. Regulation and …

mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a … regulated public utility. This is the main reason why in practice the simple $RPI - X$ regulation prevails. Finally, in this …

Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … those where competition policy works better (market power-based failures such as an artificial monopoly or cartel). We also …

fragmentation can be substantial and policy should focus more on the cost of coordination and on governance structures to secure … coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …

information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market … can lead to a softer merger policy when competition is weaker. …

market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less … intervention should satisfy three criteria: i) value creation from operation of the platforms does not decrease due to the policy …