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Price Cap, Revenue Sharing and Information Acquisition

We study the incentives of regulated firms to acquire costly information under price cap regulation.We show that revenue sharing plans, in the spirit proposed by Sappington and Weisman(1996), can provide greater incentives for information acquisition than pure price capping and increase social welfare.
Year of publication:
2004-02
Authors: IOSSA, ELISABETTA ; STROFFOLINI, FRANCESCA
Institutions: Economics and Finance Section, School of Social Sciences, Brunel University
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application/pdf
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Type of publication: Book / Working Paper
Notes:
22 pages
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Persistent link: https://www.econbiz.de/10005403897
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