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| Author: | Gilbert R. Riordan, M. |
| Title: | Regulating complementary products: a comparative institutional analysis |
| Journal: | RAND Journal of Economics
1995 : SUMMER, VOL. 26:2, p. 243-256 |
| Index terms: | REGULATIONS PRODUCTS INFORMATION |
| Language: | eng |
| Abstract: | Optimal regulation, subject to informational constraints, is analyzed for industries for which production requires complementary inputs. An issue for regulatory policy is whether supply in these industries should be "bundled" or "unbundled". Bundled supply calls for regulation of an integrated industry. Unbundled supply has each component regulated separately. Unbundling may be advantageous if it allows sufficient competition in nonmonopoly services, but the information cost can exceed the benefits of competition. |
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