Regulatory Schemes and Political Capture in a Local Public Sector
AbstractWe consider a framework of contractual interactions between urban transport authorities and transport operators. We estimate simultaneously the choice of contract by the authorities and the effect of regulation on the cost reducing activity of the operators. We test whether regulatory schemes currently implemented in the industry are the observable items of a more general menu of second best contracts. We suggest that the generation process of the data we have in hand is better explained by the political aspects of regulation. Moreover, the cost reducing effort of the operators is greater under fixed-price regimes, compared to the cost-plus case.
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.
Bibliographic InfoPaper provided by Institut d'Économie Industrielle (IDEI), Toulouse in its series IDEI Working Papers with number 609.
Date of creation: May 2010
Date of revision:
Contact details of provider:
Postal: Manufacture des Tabacs, Aile Jean-Jacques Laffont, 21 Allée de Brienne, 31000 TOULOUSE
Phone: +33 (0)5 61 12 85 89
Fax: + 33 (0)5 61 12 86 37
Web page: http://www.idei.fr/
More information through EDIRC
Other versions of this item:
- Gagnepain, Philippe & Ivaldi, Marc, 2010. "Regulatory Schemes and Political Capture in a Local Public Sector," TSE Working Papers 10-158, Toulouse School of Economics (TSE).
- NEP-ALL-2010-07-31 (All new papers)
- NEP-PBE-2010-07-31 (Public Economics)
- NEP-POL-2010-07-31 (Positive Political Economics)
- NEP-REG-2010-07-31 (Regulation)
- NEP-URE-2010-07-31 (Urban & Real Estate Economics)
You can help add them by filling out this form.
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.