This paper provides a comprehensive review of the empirical literature in transaction cost
economics (TCE) across multiple social science disciplines and business fields. We show …

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 …

In a largely ignored chapter of The Wealth of Nations, Adam Smith laid the foundation for an
economic theory of religious institutions. Smith emphasized the importance of market …

In many countries throughout the world, regulators are struggling to determine whether and
how to introduce competition into regulated industries. This essay examines the …

This paper examines direct broadcast satellites (DBS) as a competitor to cable. We first
estimate a structural consumer level demand system for satellite, basic cable, premium …

The new economics of regulation is an application of the principal-agent methodology to the
contractual relationship between regulators and regulated firms. After a critique of the …

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 …

This article reexamines the administered contracts approach to regulation in light of recent
empirical research that establishes the importance of transaction-costs in the organizational …

This article investigates the use of market incentives to encourage household waste
recycling by pricing waste-disposal services according to the quantity of waste generated …

We use an original database of 5000 French local public authorities to explore the impact of
organizational choice and performance as measured by consumer prices. In quantifying the …