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Regulation under Wealth Constraints

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Gautier, Axel

This article studies the problem of regulating a monopolist with unknown marginal cost. The problem described differs from Baron and Myerson [1982] because we suppose that the regulator faces a cash-in-advance constraint. The introduction of such a constraint may lead to the collapse of the incentive system.

Document type Document de travail (Working Paper)
Access type Accès libre
Publication date 2000
Collection ECON Working Papers - 2000/14
Affiliation UCL - ESPO/ECON - Département des sciences économiques
Keywords Regulation ; Asymmetric information ; Monopolist
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Bibliographic reference Gautier, Axel. Regulation under Wealth Constraints. ECON Working Papers ; 2000/14 (2000)
Permanent URL http://hdl.handle.net/2078.1/5552