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

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  • Bernard Caillaud
  • Patrick Rey
  • Roger Guesnerie
  • Jean 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.
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Suggested Citation

  • Bernard Caillaud & Patrick Rey & Roger Guesnerie & Jean Tirole, 1987. "Government Intervention in Production and Incentives Theory: A Review of Recent Contributions," Working papers 472, Massachusetts Institute of Technology (MIT), Department of Economics.
  • Handle: RePEc:mit:worpap:472
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