Browsing by Author "3ce009394ff5489b2a13e373d2a6b1fd"

Now showing items 1-5 of 5

2011-07-28Diskussionspapier

Bargaining and Collusion in a Regulatory Model

Fiocco, Raffaele; Gilli, Mario

Within a standard three-tier regulatory model, a benevolent prin- cipal delegates to a regulatory agency two tasks: the supervision of the …rm’s (two-type) costs and the arrangement of a pricing mecha- nism. The agency may ...
2011-11-30Diskussionspapier

Competition and regulation in a differentiated good market

Fiocco, Raffaele

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 ...
2012-09-28Diskussionspapier

Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation

Fiocco, Raffaele; Strausz, Roland

Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A consumer standard alleviates the regulator’s ...
2010-04-22Diskussionspapier

The optimal industry structure in a vertically related market

Fiocco, Raffaele

We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic provision of an essential facility-based input, whose price is set by a social-welfare maximizing regulator. ...
2011-07-28Diskussionspapier

The Regulation of Interdependent Markets

Fiocco, Raffaele; Scarpa, Carlo

We examine the issue of whether two monopolists which produce substitutable goods should be regulated by one (centralization) or two (decentralization) regulatory authorities, when the regulator(s) can be partially captured ...