Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - CESifo - 2010
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … the open-loop solution (providers choose the optimal quality investment plan based on demand at the initial period) and … the feedback closed-loop solution (providers observe demand in each period and choose quality in response to current …