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Incomplete contracts and excludable public goods
Bierbrauer, Felix - 2010
benevolent mechanism designer, participation constraints are never desirable. -- Mechanism Design ; Incomplete Contracts ; Public …
Persistent link: https://www.econbiz.de/10003923885
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Regulation of Europe's network industries : the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10011491086
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Regulation of Europe's network industries: the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10010265451
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Dynamic Regulation of Public Good Quality
Auray, Stéphane - 2006
We investigate the design of incentives for public good quality provision in a dynamic regulation setting in which maintenance efforts and quality shocks have durable effects. When the regulator contracts with a sequence of agents, asymmetries of information can lead to over-provision of quality...
Persistent link: https://www.econbiz.de/10012733978
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The new institutional economics of antitrust and regulation
Bickenbach, Frank; Kumkar, Lars; Soltwedel, Rüdiger - 1999
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10011490672
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Regulation of non-marketed outputs and substitutable inputs
Bertsch, Joachim; Hagspiel, Simeon - 2015
costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the …
Persistent link: https://www.econbiz.de/10011442703
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Optimal Income Taxation and Public Goods Provision in a Large Economy with Aggregate Uncertainty
Bierbrauer, Felix J. - 2009
priori unknown. The analysis is based on a mechanism design approach that imposes a requirement of robustness with respect to …
Persistent link: https://www.econbiz.de/10013158141
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Public-good provision with macro uncertainty about preferences : efficiency, budget balance, and robustness
Hellwig, Martin - 2021
mechanism of d'Aspremont and Gérard-Varet is shown to implement an effi cient provision rule with budget balance. However, first … mechanism is independent of the stochastic specification within the class of specifications defined by the structure of the …-Groves mechanism converges to zero in probability when the number of participants becomes large. In the limit, with a continuum of …
Persistent link: https://www.econbiz.de/10012657865
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Public-Good Provision with Macro Uncertainty about Preferences : Efficiency, Budget Balance, and Robustness
Hellwig, Martin F. - 2021
mechanism of d’Aspremont and Gérard-Varet is shown to implement an efficient provision rule with budget balance. However, first … mechanism is independent of the stochastic specification within the class of specifications defined by the structure of the …-Groves mechanism converges to zero in probability when the number of participants becomes large. In the limit, with a continuum of …
Persistent link: https://www.econbiz.de/10013322513
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Competitive vs. random audit mechanisms in environmental regulation : emissions, self-reporting, and the role of peer information
Goeschl, Timo; Oestreich, Marcel; Soldà, Alice - 2021 - This version: 11 Mrz. 2021
In a simplifying analytical framework with endogenous levels of actual and self-reported emissions, we consolidate the existing literature into three main hypotheses about the relative merits, for a resource-constrained regulator, of random (RAM) and competitive (CAM) audit mechanisms in the...
Persistent link: https://www.econbiz.de/10012489650