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Estimating cost functions in regulated industries characterized by asymmetric information

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  • Dalen, Dag Morten
  • Gomez-Lobo, Andres

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  • Dalen, Dag Morten & Gomez-Lobo, Andres, 1997. "Estimating cost functions in regulated industries characterized by asymmetric information," European Economic Review, Elsevier, vol. 41(3-5), pages 935-942, April.
    • Handle: RePEc:eee:eecrev:v:41:y:1997:i:3-5:p:935-942
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    1. Laffont, Jean-Jacques & Tirole, Jean, 1986. "Using Cost Observation to Regulate Firms," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 614-641, June.
    2. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    3. Richard Schmalensee, 1989. "Good Regulatory Regimes," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 417-436, Autumn.
    4. Thomas Alban, 1995. "Regulating Pollution under Asymmetric Information: The Case of Industrial Wastewater Treatment," Journal of Environmental Economics and Management, Elsevier, vol. 28(3), pages 357-373, May.
    5. Laffont, Jean-Jacques & Tirole, Jean, 1987. "Auctioning Incentive Contracts," Journal of Political Economy, University of Chicago Press, vol. 95(5), pages 921-937, October.
    6. 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.
    7. Alan D. Mathios & Robert P. Rogers, 1989. "The Impact of Alternative Forms of State Regulation of AT&T on Direct-Dial, Long-Distance Telephone Rates," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 437-453, Autumn.
    8. Dag Morten Dalen & Gomez-Lobo, Gomez-Lobo, 1996. "Regulation and incentive contracts: An empirical investigation of the Norwegian bus transport industry," IFS Working Papers W96/08, Institute for Fiscal Studies.
    9. 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, December.
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    Cited by:

    1. Sheriff, Glenn, 2006. "Empirical Calibration of a Least-Cost Conservation Reserve Program," 2006 Annual meeting, July 23-26, Long Beach, CA 21420, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bogetoft, Peter & Nielsen, Kurt, 2003. "Yardstick Based Procurement Design In Natural Resource Management," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25910, International Association of Agricultural Economists.
    3. Beniamina Margari & Fabrizio Erbetta & Carmelo Petraglia & Massimiliano Piacenza, 2007. "Regulatory and environmental effects on public transit efficiency: a mixed DEA-SFA approach," Journal of Regulatory Economics, Springer, vol. 32(2), pages 131-151, October.
    4. Ginés Rus & M. Socorro, 2010. "Infrastructure Investment and Incentives with Supranational Funding," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(3), pages 551-567, September.
    5. M. Pilar Socorro & Gines de Rus, 2010. "The effectiveness of the Spanish urban transport contracts in terms of incentives," Applied Economics Letters, Taylor & Francis Journals, vol. 17(9), pages 913-916.
    6. Peter Bogetoft & Kurt Nielsen, 2002. "DEA Based Yardstick Competition in Natural Resource Management," CIE Discussion Papers 2002-04, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    7. Jos Blank, 2013. "Maximizing public value for subsidized non-profit firms: a mathematical economic model," Journal of Productivity Analysis, Springer, vol. 40(2), pages 173-183, October.
    8. Sheriff, Glenn, 2009. "Implementing second-best environmental policy under adverse selection," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 253-268, May.
    9. Catherine C. Benjamin & Yves Le Roux & Euan Phimister, 1998. "[Set up of young people as farmers in France : future prospects and contractual policy efficiency] [L'installation des jeunes agriculteurs en France : perspectives d'évolution et efficacité d'une p," Working Papers hal-02837749, HAL.
    10. Bogetoft, Peter & Nielsen, Kurt, 2008. "DEA based auctions," European Journal of Operational Research, Elsevier, vol. 184(2), pages 685-700, January.
    11. AGRELL, Per & BOGETOFT, Peter, 2013. "Benchmarking and regulation," LIDAM Discussion Papers CORE 2013008, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    12. Batarce, Marco, 2016. "Estimation of urban bus transit marginal cost without cost data," Transportation Research Part B: Methodological, Elsevier, vol. 90(C), pages 241-262.
    13. Francesco, Gastaldi & Lucia, Quaglino & Carlo, Stagnaro, 2012. "Il trasporto pubblico locale e la concorrenza. Cambiare paradigma per salvare il servizio: il caso ligure [Local Public Transportation and Competition. Changing Paradigm to Save the Service: The Ca," MPRA Paper 49464, University Library of Munich, Germany.
    14. Catherine C. Benjamin & Yves Le Roux & Euan Phimister, 2000. "Regulating agriculture under asymmetric information : an empirical evaluation of the efficiency of subsidies to new farmers [Modélisation des aides à l'installation en agriculture : une application," Post-Print hal-02837723, HAL.
    15. Chiappori, Pierre-Andre & Salanie, Bernard, 1997. "Empirical contract theory: The case of insurance data," European Economic Review, Elsevier, vol. 41(3-5), pages 943-950, April.
    16. Lavergne, Pascal & Thomas, A., 1997. "Semiparametric estimation and testing in models of adverse selection, with an aplication to environmental regulation," DES - Working Papers. Statistics and Econometrics. WS 6221, Universidad Carlos III de Madrid. Departamento de Estadística.
    17. Judy Shaw-Er & Wang Chiang & Ya-Wen Chen, 2005. "Cost structure and technological change of local public transport: the Kaohsiung City Bus case," Applied Economics, Taylor & Francis Journals, vol. 37(12), pages 1399-1410.
    18. Pierre-Andre Chiappori & Bernard Salanie, 2000. "Testing for Asymmetric Information in Insurance Markets," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 56-78, February.
    19. Reiss, Peter C. & Wolak, Frank A., 2003. "Structural Econometric Modeling: Rationales and Examples from Industrial Organization," Research Papers 1831, Stanford University, Graduate School of Business.

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