This paper investigates if, and to what extent, banking structural reforms and the process of privatization may affect the top income shares over time. We focus on the case of Canada and Italy, which both undertook a major change within their banking sector in the early 1990s. Their banking...

"Public utility services matter. Around the world, access to clean water and sanitation facilities, effective telecommunications and Internet services, reliable energy and transport services are indispensible to individuals, societies and economies. Given their critical importance, the public...

Competition and economic regulation policies have traditionally been based on the conception of a “standard” consumer who is perfectly rational, has a high level of computational skills, and is invariant to the environment in which choices are made. An ever-expanding body of research...

Public utilities and their regulators frequently make decisions in conditions of uncertainty, where it can be difficult to confidently assign probabilities to possible future states. Choices can be particularly challenging where a utility faces requirements both to ensure that a system is...

Demand for some services provided on traditional postal, electricity, gas and fixed telecommunications networks can be characterized as being in decline in some jurisdictions. Declining demand can give rise to difficult questions for regulators, in particular, the extent to which network...

Passive holdings and cross-investments among competing companies are common phenomena in the modern marketplace. Yet under certain market conditions such investments may cause anticompetitive effects. This paper explores the economic effects of passive investments and their regulation under...

Passive holdings and cross-investments among competing companies are common phenomena in the modern marketplace. Yet under certain market conditions such investments may cause anticompetitive effects. This article explores the economic effects of passive investments and their regulation under...