Government intervention in production and incentives theory : a review of recent contributions
This paper reviews the recent literature on regulation under asymmetric information. If first develops the conceptual framework and offers a reminder of the techniques used in the field. It then applies the framework and techniques to a variety of situations, with or without the use of account...
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| Format: | Working Paper |
| Language: | en_US |
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MIT Energy Lab
2005
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| Online Access: | http://hdl.handle.net/1721.1/27204 |
| Summary: | This paper reviews the recent literature on regulation under asymmetric
information. If first develops the conceptual framework and offers a reminder
of the techniques used in the field. It then applies the framework and
techniques to a variety of situations, with or without the use of accounting
data. Next, the analysis is extended to dynamics with or without commitment.
The paper concludes with desirable directions for research. |
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