Koray, Semih; Saglam, Ismail - In: Journal of Regulatory Economics 28 (2005) 1, pp. 5-21
monopoly regulation and suggest the need to exercise care in using the insights and results of Bayesian regulatory theory to …This paper analyzes the Baron and Myerson’s (B–M) (Econometrica 50: 911–930 [1982]) scheme of monopoly regulation, a … subject to influence or manipulable. As we show in detail, under the B–M scheme, consumers and the regulated monopoly are …