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Relation verticale et régulation. Le problème des biens intermédiaires

François Boldron and Cyril Hariton ()

Revue économique, 2001, vol. 52, issue 3, 655-664

Abstract: This paper shows that a regulator should not regulate a final product which industry is characterized by the need of an unregulated essential facility sold through non-linear tariffs. Two main reasons drive this result. First, the regulator maximizes social welfare and values more the final good production than the producer itself. Second, the regulator has access to an extra source of financing with the profits of the whole regulated sector. Classification JEL : D82, L12, L51

JEL-codes: D82 L12 L51 (search for similar items in EconPapers)
Date: 2001
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