Auray, Stéphane; Mariotti, Thomas; Moizeau, Fabien - Centre Interuniversitaire sur le Risque, les Politiques … - 2006
We investigate the design of incentives for public good quality provision in a dynamic regulation setting in which maintenance efforts and quality shocks have durable effects. When the regulator contracts with a sequence of agents, asymmetries of information can lead to over-provision of quality...