The author is interested in whether it is worth producing information, th rough surveys, in order to design a quality … regulation mechanism when dealing with public services. He studies a principal-agent-users model in which quality is jointly …

Using a model where a monopoly chooses its commodity's quality as well as its quantity, we consider optimal regulation … Baron and Myerson (1982): the levels of quantity and quality are lower under asymmetric information than under symmetric … information. Unlike their work, however, the price level can be higher or lower under asymmetric information, depending on the …

We study how optimal contracts are modified when the agent has the possibility to acquire information before the … contract is offered to him. We consider a situation in which this information is always available to the agent just before … producing. Therefore, prior information acquisition is socially wasteful, and conducted only for the purpose of rent seeking. In …

Optimal regulation is developed for a case where heterogeneous firms expand or reduce the supply of an industry …-specific public good. The sizes of the individual contributions or reductions are subject to private information, implying that … external effects are present both in the firms' net incomes and in the information rents. …

economics of such a tax in a model of trading in a financial market where some agents have superiror information. We show that … revelation of information changes risk-sharing opportunities in the market. It is possible for the introduction of a tax to cause …

The US food industry faces tobacco-style lawsuits for providing misleading information about health risks linked to the … disclosing health information to consumers. We show that if the expected damage is relatively low, the absence of intervention is …

Using a model where a monopoly chooses its commodity's quality as well as its quantity, we consider optimal regulation … Baron and Myerson (1982): the levels of quantity and quality are lower under asymmetric information than under symmetric … information. Unlike their work, however, the price level can be higher or lower under asymmetric information, depending on the …