Arbeitspapier
Regulation under Financial Constraints
This article studies the problem of regulating a monopolist with unknown marginal cost. The originality of the paper is to consider that the regulator faces a cash-in-advance constraint. The introduction of such a constraint not only reduces the amount of public good provided but also limits the instruments available to the regulator. The wealth constraint could change the optimal regulatory contract from a two-part tariff, where the quantities produced depend on the firm's cost, to a fixed fee where the firm produces the same quantity whatever its cost.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bonn Econ Discussion Papers ; No. 16/2002
- Klassifikation
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Economics of Regulation
Publicly Provided Private Goods
- Thema
-
Regulation
Asymmetric information
Monopolist
Regulierung
Budgetrestriktion
Monopol
Kostenstruktur
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gautier, Axel
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Bonn, Bonn Graduate School of Economics (BGSE)
- (wo)
-
Bonn
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gautier, Axel
- University of Bonn, Bonn Graduate School of Economics (BGSE)
Entstanden
- 2002
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