same time, public policies increasingly use information disclosure as a regulatory device in a variety of areas beyond … time, as measured by use, accuracy, and scope of information provided to users. The paper examines the benefits and costs … of the provision of information from the disclosers' and information users' perspectives. It shows how these comparative …

We model the regulation of irreversible capacity expansion by a firm with private information about capacity costs … a revenue tax that increases with the price cap. If the asymmetric information has large support, then the optimal … unregulated monopolist, and it is not taxed. This “maximal distortion at the top” is necessary to provide information rents, as …

arise when regulated suppliers have better information about the regulated industry than do regulators. The discussion … production cost and/or consumer demand for its product. Both adverse selection (“hidden information”) and moral hazard (“hidden …

We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information … disclosure thresholds), there is less free riding, but additional losses from incomplete information aggregation. We characterize …

regulations, we aim to halve the size of the unregulated large option. Compared to the regulation-free baseline, sellers facing a …