Corruption and optimal regulation under common agency
I show that it is optimal to separate non-benevolent regulators when regulated projects are large. Separation prevents regulators from coordinating to appropriate all of the agent's informational rent when they know the type of the latter; therefore, there is a trade-off between saving on infor...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2016-05-01
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| Series: | EconomiA |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758016300765 |