We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic … better off. -- access charge ; legal separation ; ownership separation ; regulation …

competencies for the regulation of the European network industries. …The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative … economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An …

complementarity. -- competition ; complementarity ; concentration ; regulation, separation, substitutability. …

informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …

Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which … give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising … from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …

Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which … give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising … from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …

We study the regulation of a monopolistic firm that provides a non-marketed output based on multiple substitutable … costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the … non-Bayesian regulation can indeed get close to the second best of the Bayesian menu of contracts regulation. …

that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … may be social welfare enhancing. -- regulation ; Lobbying ; asymmetric information ; energy markets. …