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consumers. The regulator designs a mechanism that guarantees financing of the essential input and adequate competition in the … competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …
consumers. The regulator designs a mechanism that guarantees financing of the essential input and adequate competition in the … competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …
We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic …
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 …
We consider a vertically related market characterized by down- stream imperfect competition and by the monopolistic …
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. …
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 …
This paper addresses the issue of how to design the institutional structure of an industry which provides two differentiated products. One good is supplied by a regulated monopoly and the other is produced in a competitive (unregulated) segment. Two possible institutional patterns are compared....