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Government Intervention in Production and Incentives Theory: A Review of Recent Contributions

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  • B. Caillaud
  • R. Guesnerie
  • P. Rey
  • J. Tirole

Abstract

This article reviews the recent literature on regulation under asymmetric information. We first develop the conceptual framework and offer a reminder of the techniques used in the field. Then we apply the framework and techniques to a variety of situations -- with or without commitment. We conclude with a discussion of desirable directions for research.

Suggested Citation

  • B. Caillaud & R. Guesnerie & P. Rey & J. Tirole, 1988. "Government Intervention in Production and Incentives Theory: A Review of Recent Contributions," RAND Journal of Economics, The RAND Corporation, vol. 19(1), pages 1-26, Spring.
    • Handle: RePEc:rje:randje:v:19:y:1988:i:spring:p:1-26
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