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Regulatory Risk Under Optimal Incentive Regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by … funds. Results are as follows: 1) The regulator's reaction to regulatory risk depends on the curvature of aggregate demand …. 2) It yields a positive information rent effect exactly when demand is convex. 3) Firms benefit from regulatory risk …

Persistent link: https://www.econbiz.de/10013160045

Ex Post Information Rents in Sequential Screening

Krahmer, Daniel - 2014

We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent's ex ante...

Persistent link: https://www.econbiz.de/10013054499

Optimal Regulation of Auditing

Pagano, Marco; Immordino, Giovanni - 2021

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation …

Persistent link: https://www.econbiz.de/10013317070

Emissions Taxes and Abatement Regulation under Uncertainty

Christiansen, Vidar - 2013

We consider environmental regulation in a context where firms invest in abatement technology under conditions of …

Persistent link: https://www.econbiz.de/10013086398

Pricing Internet Traffic : Exclusion, Signalling and Screening

Jullien, Bruno - 2014

We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...

Persistent link: https://www.econbiz.de/10013055385

Price Regulation and Parallel Imports of Pharmaceuticals

Brekke, Kurt R. - 2015

This paper studies the effects of price regulation and parallel imports in the on-patent pharmaceutical market. In a … theory model where the producer price is subject to bargaining between the brand-name producer and a distributor, we show … that the effects of stricter price regulation crucially depend on whether the producer faces competition from parallel …

Persistent link: https://www.econbiz.de/10013017702

Yardstick Competition, Corruption, and Electoral Incentives

Van Long, Ngo - 2008

This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that voters use a yardstick criterion. The incumbent provides a public good and extracts rent, which are financed by imposing a distortionary tax. We demonstrate the possibility that...

Persistent link: https://www.econbiz.de/10012771407

Fiscal Equalization and Yardstick Competition

Kotsogiannēs, Chrēstos - 2006

A multi-jurisdictional system is thought to improve, through yardstick competition, accountability. At the same time equalization programs, a common feature of multi-jurisdictional systems, are thought to be a prerequisite for both efficiency of the internal market and the equity objective of...

Persistent link: https://www.econbiz.de/10012778927

Tax Interaction Among Walloon Municipalities : Is there Room for Yardstick Competition, Intellectual Trend and Partisan Monopoly Effect?

Gérard, Marcel - 2012

Three sources of strategic tax interactions among local jurisdictions are usually considered in the literature: public expenditure spill-over, tax competition and yardstick competition. However, another source has now been suggested: the intellectual trend. According to that hypothesis,...

Persistent link: https://www.econbiz.de/10013096572

Incentive Regulation, Investments and Technological Change

Vogelsang, Ingo - 2021

Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for … balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … with incentive regulation and helps lengthening the regulatory commitment period necessary for incentives. However, such …

Persistent link: https://www.econbiz.de/10013316240