A Note on Yardstick Competition under Asymmetric Information.

We reexamine the mechanism of yardstick competition when the regulator does not observe firms' cost characteristics, which can depend on exogenous variables and idiosyncratic shocks.

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Year of publication:	2000
Authors:	Chone, Ph. ; Lesur, R.
Subject:	COMPETITION \| COSTS \| INFORMATION

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Type of publication:	Book / Working Paper
Notes:	13 pages
Classification:	L51 - Economics of Regulation ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005641158