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

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

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.

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Article provided by The RAND Corporation in its journal RAND Journal of Economics.

Volume (Year): 19 (1988)
Issue (Month): 1 (Spring)
Pages: 1-26

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Handle: RePEc:rje:randje:v:19:y:1988:i:spring:p:1-26
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