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Entry Regolamentazione parziale di quantità

Author

Listed:
  • Etienne Billette de Villemeur
  • Annalisa Vinella

Abstract

Public utilities have recently undergone a major process of reorganization. Competitive segments have been liberalized, (eventually) privatised and tend to evolve into partially regulated oligopo-lies. In the latter, former monopolists are subject to regulatory duties whereas competitors operate unregulated, although endowed with market power. Having these scenarios in mind, we propose a mechanism of partial regulation that is suitable for private Cournot oligopolies. Iterated over time, this scheme, which relies upon data about current costs and past performance, converges to the equilibrium of a Nash-Cournot mixed oligopoly.

Suggested Citation

  • Etienne Billette de Villemeur & Annalisa Vinella, 2007. "Entry Regolamentazione parziale di quantità," Rivista di Politica Economica, SIPI Spa, vol. 97(4), pages 79-114, July-Agou.
    • Handle: RePEc:rpo:ripoec:v:97:y:2007:i:4:p:79-114
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    Citations

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    Cited by:

    1. Angela S. Bergantino & Etienne Billette De Villemeur & Annalisa Vinella, 2011. "Partial Regulation in Vertically Differentiated Industries," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(2), pages 255-287, April.

    More about this item

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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