This volume focuses on incentive regulation and competition. While much of the regulatory action is taking place in … telecommunications, the impact of competition and the resultant regulatory change is being felt in other traditional public utilities …

This paper examines the relationship between competition and efficiency in a market in which incentive contracts are … (overconfidence). Firms solve an optimal contracting problem that involves trade-offs between efficiency, rent …-extraction, exploitation of overconfidence, and attracting workers. Regardless of the degree of competition between firms, overconfidence …