Garcia, Serge; Thomas, Alban - In: Environmental & Resource Economics 26 (2003) 1, pp. 145-162
theoptimal contract solutions and show thatasymmetric information has importantconsequences for the regulation of water …We consider the relationship between a localcommunity and a private operator in charge ofthe water utility. An … important feature of themodel is the possibility of water networklosses that are costly to the operator. Wecompute the first …