In an industry where naturally monopolistic and competitive activities are vertically related, should the natural monopolist be allowed also to operate in the deregulated competitive sector? This paper assumes that monopoly pricing behavior is regulated and, therefore, the effect of vertical integration on the task of regulation is central to the analysis. When vertical integration by the monopolist is allowed, the regulator's task is made harder as the monopolist has anticompetitive incentiv...Expand abstract
- Review of Economic Studies
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Competition and Regulation in Vertically Related Markets.
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