Dynamic Yardstick Regulation
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More about this item
Keywordscommitment; ratchet effect; short- and long-term contracts; yardstick regulation;
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-COM-2003-10-05 (Industrial Competition)
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