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 optimal scope of monitoring depending on whether public monitors are … investigation, helps prevent capture and improves welfare. …

"separation" implies that regulated activities are totally unbundled from the unregulated ones, that is, common ownership is not … allowed. When the regulator does not know the regulated monopoly's cost of production, we find that the pattern of separation …

when monitoring costs are large and, surprisingly, when gravity-based fines are large.Also, both tghe convexity of the …

subcontractor which will then be object of the monitoring. The monitoring is therefore much less e¤ective then when the principal …

information, either about productive activity or monitoring activity, two incentive problems must be simultaneously solved: first …

which will then be the object of the monitoring. The monitoring is therefore much less effective then when the principal can …

requires public intervention. This control takes the form of both monetary incentives but also monitoring taking place either … ex ante or ex post, i.e. before or after an accident occurs. We delineate the respective scopes of these monitoring … activities when public monitors are either benevolent or corruptible. Separation between the ex ante and the ex post monitors …

downstream market (integration) rather than excluding it (separation). I show that when the upstream monopolist is regulated only … through an access price cap, the information acquisition problem provides an argument in favour of vertical integration … favour of separation via the impact of the access-profit sharing plan on the upstream monopolist's incentives to transmit …

This paper tackles the issue of the welfare desirability of downstream integration versus separation when facing the … integrated firm with greater incentives to acquire information and this favours integration. …