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Persistent link: https://www.econbiz.de/10001655904
This paper analyzes Côte d'Ivoire's experience with telecommunications liberalization and privatization. Côte d'Ivoire privatized its incumbent operator in 1997, and granted the newly privatized firm seven years of fixed-line exclusivity while introducing "managed competition" in the cellular...
Persistent link: https://www.econbiz.de/10010523648
We consider a principal-multiagent framework with adverse selection when contracting is possible ex ante. However, enforcement of contracts is imperfect, which results in inefficiencies. We study how group contracting may or may not mitigate those inefficiencies.
Persistent link: https://www.econbiz.de/10005823377