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 …

This chapter reviews recent theoretical work on the design of regulatory policy, focusing on
the complications that arise when regulated suppliers have better information about the …

While neoclassical models assume static cost-minimization by firms, agency models suggest
that firms may not minimize costs in less-competitive or regulated environments. We test this …

Over the last 20 years, incentives in general and price caps in particular have breathed new
life into public utility regulation. Price caps successfully combine incentives for cost reduction …

I use newly released data from the International Telecommunications Union to examine the
effects of privatization and competition on network expansion and efficiency. Using a fixed …

The paper uses an original international database on regulation, market structure and
performance in the telecommunications industry to investigate the effects of entry …

Economic regulation affects us all, shaping how we access essential services such as water,
energy and transport, as well as how we communicate with one another in the digital world …

Regulation, innovation and competitiveness in global markets have been discussed for
several decades. Recently, policy makers have started to extend their focus towards the …

This article reviews the major insights of the economics literature regarding the design of
service quality regulation in public utility industries. The focus is on generic service quality …

We examine the impact of state incentive regulation on network modernization, aggregate
investment, revenue, cost, profit, and local service rates in the US telecommunications …