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. …

and entry phases of the industry, the nature of competition is substantially affected by such price discrimination … between rival operators and studied competition between interconnected networks, under the assumption of non … subscriber's network and those terminating on a rival's network. This creates a price differential between services that are …

elements: to encourage entry and to make competition effective such that consumers benefit. The first one requires that …Launching and stimulating competition in telecommunications markets is an important policy goal. It contains two … difficult to achieve at the same time. In this paper, we consider price regulation in the retail and wholesale market and answer …

elements: to encourage entry and to make competition effective such that consumers benefit. The first one requires that …Launching and stimulating competition in telecommunications markets is an important policy goal. It contains two … difficult to achieve at the same time. In this paper, we consider price regulation in the retail and wholesale market and answer …

over time. This paper develops and estimates an equilibrium model with dynamic pricing and firm entry and uses it to … dynamic pricing regulation lowers social welfare as the benefit from improved premium stability is outweighed by the cost of … reduced insurer participation. The welfare loss from stricter dynamic pricing regulation could be mitigated if the government …

once they are affiliated with a card network. We show that this asymmetry is sufficient to induce the card association to … qualitative results are robust to imperfect issuer competition, imperfect acquirer competition, and to other factors affecting …

one (membership). These findings are robust to competition for cardholders and/or for merchants, network competition, and …' banks, on a per transaction basis. This paper shows that a network's profit-maximizing fee induces an inefficient price …

As a part of their industry or competition policies governments decide whether to allow for free market entry of firms …

one (membership). These findings are robust to competition for cardholders and/or for merchants, network competition, and …' banks, on a per transaction basis. This paper shows that a network's profit-maximizing fee induces an inefficient price …