Regulation of Industry-Specific Externalities under Private Information
AbstractOptimal regulation is developed for a case where heterogeneous firms expand or reduce the supply of an industry-specific public good. The sizes of the individual contributions or reductions are subject to private information, implying that external effects are present both in the firms' net incomes and in the information rents.
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Bibliographic InfoPaper provided by Norwegian School of Economics and Business Administration- in its series Papers with number 1/97.
Length: 27 pages
Date of creation: 1997
Date of revision:
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Postal: NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY.
Phone: 5595 9000
Fax: 5595 9100
Web page: http://www.nhh.no/
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EXTERNALITIES; INFORMATION; REGULATION;
Find related papers by JEL classification:
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
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