Hu, Ming; Huang, Weixiang; Liu, Chunhui; Zhou, Wenhui - 2021
unobservable M/M/1 queue. The interaction between the government and firm under regulation is modeled as a game. We consider two … welfare creation. While wait time regulation is more efficient than price regulation when the government lacks commitment …To address financial shortage for public service provision, a government may delegate service provision to a private …