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Chapter 27 Recent Developments in the Theory of Regulation
Armstrong, Mark; Sappington, David E.M. - In: Handbook of industrial organization : volume 3, (pp. 1557-1700). 2007
begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter … commitment powers are limited. The chapter then analyzes the design of practical policies, such as price cap regulation, that are …
Persistent link: https://www.econbiz.de/10014024589
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Optimal regulation of lumpy investments
Zwart, Gijsbert; Broer, Dirk Peter - 2012
Persistent link: https://www.econbiz.de/10009564530
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Environmental policy à la carte : letting firms choose their regulation
Krysiak, Frank C. (contributor);  … - 2008
Environmental policy often has to be devised under informational constraints, like uncertainty and asymmetric information. We consider an environmental policy that aims at reducing the welfare losses caused by asymmetric information while being sufficiently simple for implementation. In this...
Persistent link: https://www.econbiz.de/10003667308
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Optimal regulation of lumpy investments
Broer, Peter; Zwart, Gijsbert - In: Journal of regulatory economics 44 (2013) 2, pp. 177-196
Persistent link: https://www.econbiz.de/10009793071
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Optimal obscurity in the acquisition and disclosure of information about a shock
Aoyagi, Masaki - 2012
; disclosure ; signal quality ; transparency ; specific investment ; strategic ignorance …
Persistent link: https://www.econbiz.de/10009490687
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Optimal transmission regulation in an integrated energy market
Tangerås, Thomas P. - 2010
regulation ; system operation ; multi-contracting …
Persistent link: https://www.econbiz.de/10003969254
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Secrecy Rules and Exploratory Investment : Theory and Evidence from the Shale Boom
Covert, Thomas R.; Sweeney, Richard L. - National Bureau of Economic Research - 2022
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information … investment returns exceed a predefined level. These policies include complete secrecy, in which players only observe rival …
Persistent link: https://www.econbiz.de/10013435110
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Optimal Risk Regulation of Monopolists with Subjective Risk Assessment
Kishishita, Daiki - 2020
This study aims at characterizing the optimal regulation of risky activities when risk assessment is subjective as a …
Persistent link: https://www.econbiz.de/10012837984
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Common agency equilibria with discrete mechanisms and discrete types
Martimort, David; Stole, Lars A. - 2001
This paper characterizes the equilibrium sets of an intrinsic common agencygame with discrete types and direct revelation mechanisms. After presentinga general algorithm to find the pure-strategy equilibria of this game, we use itto characterize these equilibria when the two principals control...
Persistent link: https://www.econbiz.de/10011400396
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Common Agency Equilibria with Discrete Mechanisms and Discrete Types
Martimort, David; Stole, Lars - 2021
This paper characterizes the equilibrium sets of an intrinsic common agency game with discrete types and direct revelation mechanisms. After presenting a general algorithm to find the pure-strategy equilibria of this game, we use it to characterize these equilibria when the two principals...
Persistent link: https://www.econbiz.de/10013320779