Mehrdad Sepahvand The University of Nottingham   University of Nottingham University Park Nottingham, East midland ng7 2rd UK   lexms2@hermes.nottingham.ac.uk     Biographical Sketch: PhD Student in Economics at the University of Nottingham, Full-time resaercher in Central Bank of Iran, Part-time researcher in The Research Centre of Parliament(MAJLIS) and Institute for Trade Studies and Researches (ITSR).   Primary Research Focus: Regulation, Industrial Organization, The Pattern of Household Consumption and Public Policy   JEL Areas: L5 : Regulation and Industrial Policy: General L0 : Industrial Organization: General