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| Author: | Sappington, D. E. M. |
| Title: | Regulating horizontal diversification |
| Journal: | International Journal of Industrial Organization
2003 : MAR, VOL. 21:3, p. 291-315 |
| Index terms: | Diversification Regulations Business-government relations |
| Language: | eng |
| Abstract: | The author investigates the optimal design of diversification rules for regulated enterprises. Diversification generates profit in non-core markets that can be shared with core customers. Diversification generally results in lower prices and higher-powered reward structures in core markets. It is not always directed into the non-core markets where the expected contribution of the regulated firm is most pronounced. |
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