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Efficiency-improving investment and the ratchet effect

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  • Dalen, Dag Morten
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    File URL: http://www.sciencedirect.com/science/article/B6V64-3YRSMCC-C/2/5477b0345e6a99d1aa4fd2e86f27ea02
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    Bibliographic Info

    Article provided by Elsevier in its journal European Economic Review.

    Volume (Year): 39 (1995)
    Issue (Month): 8 (October)
    Pages: 1511-1522

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    Handle: RePEc:eee:eecrev:v:39:y:1995:i:8:p:1511-1522

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    Web page: http://www.elsevier.com/locate/eer

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    1. Laffont, Jean-Jacques & Tirole, Jean, 1987. "Comparative statics of the optimal dynamic incentive contract," European Economic Review, Elsevier, vol. 31(4), pages 901-926, June.
    2. Jean Tirole, 1985. "Procurement and Renegotiation," Working papers 362, Massachusetts Institute of Technology (MIT), Department of Economics.
    3. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743.
    4. Jean-Jacques Laffont & Jean Tirole, 1985. "The Dynamics of Incentive Contracts," Working papers 397, Massachusetts Institute of Technology (MIT), Department of Economics.
    5. Freixas, Xavier & Guesnerie, Roger & Tirole, Jean, 1985. "Planning under Incomplete Information and the Ratchet Effect," Review of Economic Studies, Wiley Blackwell, vol. 52(2), pages 173-91, April.
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    Cited by:
    1. Dag Morten Dalen & Nils-Henrik M von der Fehr & Espen R Moen, 2003. "Regulation with wage bargaining," Economic Journal, Royal Economic Society, vol. 113(487), pages 525-538, 04.
    2. Levine, Paul L & Rickman, Neil, 2002. "Price Regulation, Investment and the Commitment Problem," CEPR Discussion Papers 3200, C.E.P.R. Discussion Papers.
    3. Gary Charness & Peter Kuhn & Marie-Claire Villeval, 2008. "Competition and the Ratchet Effect," Working Papers 0828, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
    4. Konrad, Kai A. & Torsvik, Gaute, 1997. "Dynamic incentives and term limits in bureaucracy regulation," European Journal of Political Economy, Elsevier, vol. 13(2), pages 261-279, May.
    5. Ariel Casarin, 2014. "Productivity throughout regulatory cycles in gas utilities," Journal of Regulatory Economics, Springer, vol. 45(2), pages 115-137, April.
    6. Currie, David & Levine, Paul L & Rickman, Neil, 1999. "Delegation and the Ratchet Effect: Should Regulators Be Pro-Industry?," CEPR Discussion Papers 2274, C.E.P.R. Discussion Papers.

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