This paper studies the pricing incentives of a monopolist constrained by a revenue cap endogenously determined by her costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in Germany. We show that the revenue cap may incentivize...

This paper investigates how human societies sustain positive levels of cooperation through transmitting and enforcing norms. It introduces an evolutionary model that distinguishes between three distinct dynamic dimensions: behavior, norms, and approval preferences. These dimensions differ...