Cesi Berardino Author-Name : Alberto Iozzi Author-Name … - Théorie Économique, Modélisation, Application … - 2009
We apply the idea of relation contracting to a very simple problem of regulating a single-product monopolistic firm when the regulatory instrument is a fixed-price contract, and quality is endogenous and observable, but not verifiable. We model the interaction between the regulator and the firm...