Bernard, J.T.; Nouhi, M.; Roland, M. - Groupe de recherche en économie de l'énergie, de … - 1999
We compare the economic efficiency of a publicly-owned utility directly controlled by the government with a publicly-owned utility regulated by a public utility commission (PUC). Regulation by a PUC is modelled as a Nash equilibrium of a game between two principals, the government and the PUC,...
