If the allocation of a differential information economy are defined as incentive compatible state - contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed...

This paper analyses the role of non-pecuniary private benefits going to employees in an incomplete contract approach to the regulation of utilities.

We analyze the effects of technology choices in repeated oligopoly under imperfect monitoring.