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La nouvelle théorie de la régulation des monopoles naturels : fondements et tests

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  • Philippe Gagnepain

    (Departamento de Economía - UC3M - Universidad Carlos III de Madrid [Madrid])

Abstract

The inefficiency of a firm depends on several characteristics and decisions which are non-observable by an external individual. The economic theory has recently taken into account these situations through asymmetric information problems between principals and agents. Such problems consider moral hazard and adverse selection issues. The regulation of natural monopolies has thus been re-examined through the window of the theory of incentives. This article proposes an overview of the new theory of regulation and tries to provide an almost exhaustive state of empirical works realized so far on the topic.

Suggested Citation

  • Philippe Gagnepain, 2001. "La nouvelle théorie de la régulation des monopoles naturels : fondements et tests," Post-Print hal-00622947, HAL.
    • Handle: RePEc:hal:journl:hal-00622947
    Note: View the original document on HAL open archive server: https://hal.science/hal-00622947
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    References listed on IDEAS

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    1. Philippe Gagnepain & Marc Ivaldi, 2002. "Stochastic Frontiers and Asymmetric Information Models," Journal of Productivity Analysis, Springer, vol. 18(2), pages 145-159, September.
    2. Gasmi, F. & Laffont, J. J. & Sharkey, W. W., 2000. "Competition, universal service and telecommunications policy in developing countries," Information Economics and Policy, Elsevier, vol. 12(3), pages 221-248, September.
    3. Richard Schmalensee, 1989. "Good Regulatory Regimes," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 417-436, Autumn.
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    5. Gasmi, F & Ivaldi, M & Laffont, Jean Jacques, 1994. "Rent Extraction and Incentives for Efficiency in Recent Regulatory Proposals," Journal of Regulatory Economics, Springer, vol. 6(2), pages 151-176, May.
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    12. Frank A. Wolak, 1994. "An Econometric Analysis of the Asymmetric Information, Regulator-Utility Interaction," Annals of Economics and Statistics, GENES, issue 34, pages 1-12.
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