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 …

Regulatory reform had its beginnings in the United States in the 1970s, and today it is taking
place around the globe. One of the central questions for industrial policy is how to regulate …

In this revised second edition, An Introduction to the Economics of Information covers the
consequences for the character and efficiency of the interaction between individuals and …

This paper analyzes whether the two tasks of building infrastructures which are socially
useful in providing public services and managing these assets should be bundled or not …

We show that the separation of powers in regulation may act as a commitment against the
threat of regulatory capture. Splitting regulatory tasks and monitoring technologies among …

Since the late 1970s, the theory of optimal screening contracts has received considerable
attention. The analysis has been usefully applied to such topics as optimal taxation, public …

A buyer seeks to procure a good characterized by its price and its quality from suppliers who
have private information about their cost structure (fixed cost and marginal cost of providing …

Multi-dimensional screening models have many potential applications but economists have
so far been hindered by the considerable technical difficulties involved in their resolution …

In an industry where naturally monopolistic and competitive activities are vertically related,
should the natural monopolist be allowed also to operate in the deregulated competitive …