Key research themes
1. How does regulatory governance address market power and industry complexity in contemporary economic systems?
This theme explores the evolving frameworks of regulatory governance designed to manage the influence of market power within increasingly complex economic sectors. It investigates the structural challenges regulators face, including political constraints, principal-agent dynamics, and the blending of private and public regulatory mechanisms. Understanding this area is crucial to crafting regulations that maintain market stability, promote competitive practices, and address informational asymmetries without stifling innovation or economic liberty.
2. What are the implications of market power and price discrimination for measuring and regulating firm behavior?
This theme considers how firms exercise market power through strategic pricing mechanisms such as second-degree price discrimination, and the methodological challenges this raises for market power measurement and regulation. By examining structural models and empirical findings, it elucidates how price differentiation affects the estimation of market power, highlighting the need for regulatory tools that account for firm heterogeneity in pricing strategies to effectively assess competition and consumer welfare.
3. How do institutional, political, and social factors shape market power, competition, and regulatory outcomes in specific industry contexts?
This theme highlights the role of broader social, political, and institutional influences on market power, regulatory enforcement, and competition dynamics. It includes the interplay between trust, governance institutions, and regulation demand, as well as the impact of corporate social responsibility initiatives and geopolitical risks on market power. The focus is on understanding how these contextual factors modify theoretical predictions and practical regulatory strategies in diverse sectors.