This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural … monopolies. It covers alternative definitions of natural monopoly, public interest regulatory goals, alternative regulatory … institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the …

Conventional economic models in airport regulation assume, that airports have considerable market power and may exploit … charges may change and, hence, optimal airport regulation should take into account also the degree of mono- or oligopsony … airline power. In some cases the abolishment of any kind of regulation can lead to welfare gains. …

regulations, we aim to halve the size of the unregulated large option. Compared to the regulation-free baseline, sellers facing a …

) prefers price-cost comparison when studying excessive or predatory pricing, we suggest using tariff regulation approaches when …

This paper examines price level regulation in two-sided markets with linear demands. We find that (i) price level … regulation increases the price allocation asymmetry when reservation prices differ between the two sides of the market; and (ii … gains from price level regulation are relatively modest for a wide range of cost parameters …