Behind the Revolving Door: A New View of Public Utility Regulation
AbstractRegulatory officials frequently work for firms they regulate after they leave office. This revolving door has been the subject of much scrutiny owing to the natural suspicion of corruption. In a time-dependent supergame, I take a strategic look behind the revolving door and find it can lead to improved performance of regulated industries. When firm managers and regulators have finite and concurrent terms, investment incentives are minimal. Staggered terms and revolving doors can result in improved performance of regulated firms when each side's actions at each date are contingent on past outcomes.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 26 (1995)
Issue (Month): 3 (Autumn)
Contact details of provider:
Web page: http://www.rje.org
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Offerman, Theo & Potters, Jan & Verbon, Harrie A. A., 2001.
"Cooperation in an Overlapping Generations Experiment,"
Games and Economic Behavior,
Elsevier, vol. 36(2), pages 264-275, August.
- Offerman, T.J.S. & Potters, J.J.M. & Verbon, H.A.A., 2001. "Cooperation in an overlapping generations experiment," Open Access publications from Tilburg University urn:nbn:nl:ui:12-86814, Tilburg University.
- Theo Offerman & Jan PottersHarry A.A. Verbon & Harry A.A. Verbon, 1999. "Cooperation in an Overlapping Generations Experiment," Tinbergen Institute Discussion Papers 99-019/1, Tinbergen Institute.
- Godfrey Charles-Cadogan & John A. Cole, 2013. "Bankruptcy Risk Induced by Career Concerns of Regulators," Papers 1312.7346, arXiv.org.
- Antonio Estache & Liam Wren-Lewis, 2010.
"What Anti-Corruption Policy Can Learn from Theories of Sector Regulation,"
Working Papers ECARES
ECARES 2010-033, ULB -- Universite Libre de Bruxelles.
- Estache, Antonio & Wren-Lewis, Liam, 2010. "What Anti-Corruption Policy Can Learn from Theories of Sector Regulation," CEPR Discussion Papers 8082, C.E.P.R. Discussion Papers.
- Brito Duarte & Pereira Pedro & Vareda João, 2013.
"Investment, Dynamic Consistency and the Sectoral Regulator’s Objective,"
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 13(2), pages 563-594, August.
- Brito, Duarte & Pereira, Pedro & Vareda, João, 2011. "Investment, dynamic consistency and the sectoral regulator's obective," 8th Asia-Pacific Regional ITS Conference, Taipei 2011: Convergence in the Digital Age 52341, International Telecommunications Society (ITS).
- Antonio Estache & L. Wren-Lewis, 2008. "Towards a Theory of Regulation for Developing Countries: Following Laffont's Lead," Working Papers ECARES 2008_018, ULB -- Universite Libre de Bruxelles.
- Eric Helland & Michael Sykuta, 2002. "Regulation and the Evolution of Corporate Boards: Monitoring, Advising or Window Dressing?," Claremont Colleges Working Papers 2002-27, Claremont Colleges.
- Elise S. Brezis, 2012. "Promiscuous Elites and Economic Development," Working Papers 2012-09, Department of Economics, Bar-Ilan University.
- Mukul Majumdar & Seung Yoo, 2012. "Strategic analysis of influence peddling," International Journal of Game Theory, Springer, vol. 41(4), pages 737-762, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.