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-monotone payment structure emerges as an optimal contract, which rewards extreme results and punishes moderate ones. …
Persistent link: https://www.econbiz.de/10010289498
-monotone payment structure emerges as an optimal contract, which rewards extreme results and punishes moderate ones. -- executive …
Persistent link: https://www.econbiz.de/10009959108
-monotone payment structure emerges as an optimal contract, which rewards extreme results and punishes moderate ones. -- executive …
Persistent link: https://www.econbiz.de/10008660884
, makes an effort to reduce energy losses. The principal represents the regulator, who offers a contract (regulation) to the … principal. The optimal contract, carried out on the basis of the continuation value of the agent as a state variable, is …
Persistent link: https://www.econbiz.de/10015256866
, makes an effort to reduce energy losses. The principal represents the regulator, who offers a contract (regulation) to the … principal. The optimal contract, carried out on the basis of the continuation value of the agent as a state variable, is …
Persistent link: https://www.econbiz.de/10015259034
the management of access to such places in an adverse selection setting. The regulator offers each visitor a contract … when some visitors refuse the contract. The regulation cost can be financed by a price of entry or by a public budget. In …
Persistent link: https://www.econbiz.de/10015239845
Spanish Abstract: Se presenta un análisis económico de la Ley de energía para el campo, (LEC) que examina cómo su diseño afecta los mercados y crea una estructura de información que favorece la extracción de rentas. Mediante modelos sencillos de equilibrio parcial y de agente-principal se...
Persistent link: https://www.econbiz.de/10012867224
Persistent link: https://www.econbiz.de/10012153336
Persistent link: https://www.econbiz.de/10001560652
A partir de las teorías del neoinstitucionalismo y de la regulación y usando los modelos de agencia, de incentivos y de contratos, este artículo analiza los problemas de la institucionalidad actual de la industria eléctica colombiana. Se concibe la regulación como un juego de grupos de...
Persistent link: https://www.econbiz.de/10015171102