Ebel, Nikos; Lefouili, Yassine - Volkswirtschaftliche Fakultät, … - 2008
We analyze the effects of a modified Yardstick competition on firms’ cost-reduction efforts. Departing from the existing literature, we use a relative cost-plus approach: firms are regulated on the basis of other firms’ performances, but they are granted a mark-up and not a lump-sum transfer...