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The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model …
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Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and...
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This paper provides a general characterization of overall power regulation and a detailed characterization of the … ongoing evolution of distributed rooftop photovoltaic (PV) regulation in Costa Rica. The paper further develops rooftop PV … the institutional architecture of power regulation in Costa Rica and contrasts it with international best practices …
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Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...
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