When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form of both monetary incentives but also ex ante or ex post monitoring, i.e., before or after an accident occurs. We delineate the...

We study collusion between a regulated firm and an unregulated competitor selling differentiated goods in a common market. There exists an institutional incompleteness that prevents the regulator from contracting with the competitor. Due to this, the effectiveness of yardstick mechanisms can be...

Abstract We study the welfare impact of revenue management, a practice which is widely spread in the transport industry, but whose impact on consumer surplus remains unclear. We develop a theoretical model of revenue management allowing for heterogeneity in product characteristics, capacity...