Gautier, Axel - In: Annals of Public and Cooperative Economics 75 (2004) 4, pp. 645-656
This article studies a simple procurement problem (Laffont and Tirole,1993) where the regulator faces a cash-in-advance constraint. The introduction of such a constraint not only reduces the amount of public good provided but also limits the instruments available to the regulator. The wealth...
