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regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory … regulated entities – part of these costs can be regarded as the administrative burden of regulation for the private sector – but … society due to e.g. miscommunication on the aims of regulation, and are, of course, hard to quantify. A cost calculation using …
Persistent link: https://www.econbiz.de/10010325770
Within a standard three-tier regulatory model, a benevolent principal delegates to a regulatory agency two tasks: the supervision of the firm's (two-type) costs and the arrangement of a pricing mechanism. The agency may have an incentive to manipulate information to the principal to share the...
Persistent link: https://www.econbiz.de/10010281496
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10010264297
The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model …
Persistent link: https://www.econbiz.de/10010270939
, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues – the European policy …
Persistent link: https://www.econbiz.de/10010283001
for the relationship between competition and regulation in these industries. A discussion of alternative regulatory rules …
Persistent link: https://www.econbiz.de/10010265429
This article discusses the relationship between the identity of the rulers of the executive and reform. Thus, we enrich the literature on the determinants of reform and the result of the executive. This is a new and very important literature, as these are the reforms that allow progress. We use...
Persistent link: https://www.econbiz.de/10011596339
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012582031
In der Juniausgabe 2012 veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel 'Regulierung, Bildung und …Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various … relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality …
Persistent link: https://www.econbiz.de/10010516334