For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels …

. Absent regulation, there is a separating equilibrium with voluntary retentions. If funding value is high, banks may instead … generally leads to higher welfare if efficient risk-sharing (bank investment scale) is the dominant consideration, and is always …