in Journal of Competition Law & Economics
December 2008; p ublished online June 2008 .
Journal Article. Subjects: Marketing; Analysis of Collective Decision-making; Energy and Utilities; Antitrust Issues and Policies; Law and Economics; Regulation and Industrial Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics. 12089 words.
When basic competition rules cannot stop market power abuses, industry-specific regulations can improve economic performance. But regulations are also more immediately exposed to political...