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, for certain parameter ranges. The main takeaway of our analysis, both in practice and in theory, is the importance of a …
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-based regulation to strengthen the necessary investment incentives. Regulatory emphasis is shifting from costreductions to promoting …
Persistent link: https://www.econbiz.de/10010423164
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011557794
applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and … estimation of individual efficiencies for regulation purposes and beyond. … eine breite praktische Anwendung in der Anreizregulierung, zum Beispiel von Gas- und Stromnetzbetreibern. So spielt die …
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prefer regulatory risk and these preferences may contradict both the firm's and consumers'. -- optimal incentive regulation …
Persistent link: https://www.econbiz.de/10003850166
The paper provides a tractable, analytical framework to study regulatory risk under optimal incentive regulation … consumers' preferences. -- Optimal incentive regulation ; regulatory risk ; procurement ; information rents …
Persistent link: https://www.econbiz.de/10003796198
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