Caillaud, B.; Guesnerie, R.; Rey, P.; Tirole, J. - In: RAND Journal of Economics 19 (1988) 1, pp. 1-26
This article reviews the recent literature on regulation under asymmetric information. We first develop the conceptual framework and offer a reminder of the techniques used in the field. Then we apply the framework and techniques to a variety of situations -- with or without commitment. We...