A Sequential Principal-agent Approach to Regulation

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Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis A Sequential Principal-agent Approach to Regulation by : P. B. Linhart

Download or read book A Sequential Principal-agent Approach to Regulation written by P. B. Linhart and published by . This book was released on 1983 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Designing Regulatory Policy

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Publisher : Routledge
ISBN 13 : 1000106896
Total Pages : 91 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Designing Regulatory Policy by : David Besanko

Download or read book Designing Regulatory Policy written by David Besanko and published by Routledge. This book was released on 2020-09-10 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews and interprets the literature that examines the design of regulatory policy when the regulator's knowledge of the relevant environment is limited. It will be useful to professional economists wishing to keep up with the development of their science.

Designing Regulatory Policy with Limited Information

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Publisher : Taylor & Francis
ISBN 13 : 3718603853
Total Pages : 94 pages
Book Rating : 4.7/5 (186 download)

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Book Synopsis Designing Regulatory Policy with Limited Information by : David Besanko

Download or read book Designing Regulatory Policy with Limited Information written by David Besanko and published by Taylor & Francis. This book was released on 1987 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1987. Routledge is an imprint of Taylor & Francis, an informa company.

Designing Regulatory Policy with Limited Information

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Publisher : Taylor & Francis
ISBN 13 : 1136470336
Total Pages : 102 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis Designing Regulatory Policy with Limited Information by : D. Besanko

Download or read book Designing Regulatory Policy with Limited Information written by D. Besanko and published by Taylor & Francis. This book was released on 2013-09-27 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines policy design when the policy maker in imperfectly informed, focusing on cases where the regulated firm possesses better information about its technology than the regulator.

Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication

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Publisher : Cambridge University Press
ISBN 13 : 9780521327046
Total Pages : 316 pages
Book Rating : 4.3/5 (27 download)

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Book Synopsis Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication by : Walter P. Heller

Download or read book Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication written by Walter P. Heller and published by Cambridge University Press. This book was released on 1986-09-26 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.

Price Caps and Incentive Regulation in Telecommunications

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Publisher : Springer Science & Business Media
ISBN 13 : 1461539765
Total Pages : 247 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Price Caps and Incentive Regulation in Telecommunications by : Michael A. Einhorn

Download or read book Price Caps and Incentive Regulation in Telecommunications written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's rate base and cross-subsidization of its competitive services. A category of alternative regulatory approaches can be classified broadly as social contracts. Under the general strategy of social contract regulation, regulators first delimit a group of regulated core services that they continue to regulate and then stipulate a list of constraints that the utility must agree to meet in the future; in exchange, regulators agree to detariff or deregulate entirely other competitive or nonessential services that the utility may offer. As long as no stipulated constraints are violated, the utility may price freely any service; if it reduces costs, it may keep a share of its profits. According to the National Telecommunications Information Administration (NTIA, 1987), social contract agreements of one form or another have been considered or implemented in a majority of American states.

Economic Theory and International Trade

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Publisher : Springer Science & Business Media
ISBN 13 : 364277671X
Total Pages : 313 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis Economic Theory and International Trade by : Wilhelm Neuefeind

Download or read book Economic Theory and International Trade written by Wilhelm Neuefeind and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains papers on Economic Theory and International Trade: The papers on Economic Theory cover the existence and structure of competitive equilibrium in various settings: non-convexities, non-transitivity of preferences, and absence of differentiability or free-disposal assumptions, the role of the compensating variation as a welfare measure, oligopoly under bounded rationality, and regulation of a public utility. The papers on International Trade offer analyses of the "Dutch disease" or the Atlantic Slave Trade, or treat the influence of economic growth on import demand, the terms of trade, and other economic variables, as well as theoretical and empirical evidence for the validity of the Heckscher-Ohlin model. The papers, rigorous and often requiring mathematical sophistication, variously reflect Trout Rader's work.

Information, Incentives, and Economic Mechanisms

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Publisher : U of Minnesota Press
ISBN 13 : 1452908044
Total Pages : 410 pages
Book Rating : 4.4/5 (529 download)

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Book Synopsis Information, Incentives, and Economic Mechanisms by : Theodore Groves

Download or read book Information, Incentives, and Economic Mechanisms written by Theodore Groves and published by U of Minnesota Press. This book was released on 1987 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session

Financial reforms, stabilization and development in 21st-century Turkey

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Publisher : Vernon Press
ISBN 13 : 1622736532
Total Pages : 484 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Financial reforms, stabilization and development in 21st-century Turkey by : Haluk Haksal

Download or read book Financial reforms, stabilization and development in 21st-century Turkey written by Haluk Haksal and published by Vernon Press. This book was released on 2019-03-28 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central argument of this book is that while central bank independence can contribute to stabilization, inflation-targeting monetary policy is quite powerless in promoting economic development. The basic message is simple: Policy makers should not strive to achieve price stability at any cost, as stability in product markets does not necessarily translate into economic development. The recent experience of Turkey is illuminating and other developing countries, in particular those using inflation targeting monetary policy framework, can draw useful lessons from this experience. Early chapters summarize the deregulation process from 1980 to 2001. The Turkish Central Bank is placed at the center of the analysis as monetary policies have a significant impact both on stability and development. Although the 1994 and 2001 financial crises have been extensively studied elsewhere, they are nevertheless summarized to underscore the importance of central bank independence. Later chapters investigate the impact of an independent central bank on stabilization and development from 2001 onwards. Upon visiting the Turkish Central Bank's website, readers are greeted with the following statement: "The primary objective of the Bank is to achieve and maintain price stability." By the end of this book the reader should be able to assess the relative merits of a monetary policy that focuses on price stability, versus an alternative where price stability is accompanied by other objectives targeting development, for instance, monitoring also unemployment rates, which would undermine its independence to some degree. The study aims to provide a perspective on the need for such an alternative in line also with the vision of some international agencies on development, such as the UNCTAD and the ILO. This is the first book-length study examining the financial reforms Turkey undertook in its path towards EU accession. This unique work will be of interest to economists and other experts in financial history, (de)regulation, institutional economics and economic development, as well as a broad range of scholars interested in the dramatic transformation of Turkey's economy and society in the 21st century.

Public Regulation

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Publisher : MIT Press (MA)
ISBN 13 :
Total Pages : 434 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Public Regulation by : Elizabeth E. Bailey

Download or read book Public Regulation written by Elizabeth E. Bailey and published by MIT Press (MA). This book was released on 1987 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Public Regulation" studies the formation of institutions and government policies that regulate industry, offering new data, new contexts, and new tools for analyzing the structure and performance of regulatory activity today. It addresses both how these institutions and policies came into being and how well or poorly they work. The contributors examine them variously, from economic, political, social, and historical points of view.The eleven original essays propose and demonstrate a wide variety of new techniques for assessing regulatory performance - general equilibrium theory, laboratory methods, the integration of rational expectations and game theory methods with regulations, cost-functions techniques, and probabilistic risk analysis - to reveal new empirical data from a range of regulated industries - agriculture, natural gas, nuclear power, airlines, health and environmental.Essays in the book's first part - "Design and Formation of Regulatory Regimes" - deal with the shaping of institutions and policies and with the political evolution of regulatory regimes.The second part of the book - "Assessment of Regulatory Performance" - covers theory and methods, performance and effects.Elizabeth E. Bailey is Dean of the Graduate School of Industrial Administration at Carnegie-Mellon University. "Public Regulation" is fourteenth in the series Regulation of Economic Activity, edited by Richard Schmalensee.

The Game of Regulation

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Publisher :
ISBN 13 :
Total Pages : 270 pages
Book Rating : 4.:/5 (29 download)

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Book Synopsis The Game of Regulation by : Glenn Allan Woroch

Download or read book The Game of Regulation written by Glenn Allan Woroch and published by . This book was released on 1983 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regulation at the Crossroad

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Publisher :
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Regulation at the Crossroad by :

Download or read book Regulation at the Crossroad written by and published by . This book was released on 1985 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Four Essays in Financial Economics

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Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Four Essays in Financial Economics by : Michael J. Barclay

Download or read book Four Essays in Financial Economics written by Michael J. Barclay and published by . This book was released on 1986 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Organization with Incomplete Information

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Publisher : Cambridge University Press
ISBN 13 : 9780521553001
Total Pages : 372 pages
Book Rating : 4.5/5 (53 download)

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Book Synopsis Organization with Incomplete Information by : Mukul Majumdar

Download or read book Organization with Incomplete Information written by Mukul Majumdar and published by Cambridge University Press. This book was released on 1998-09-13 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been systematic attempts over the last twenty-five years to explore the implications of decision making with incomplete information and to model an 'economic man' as an information-processing organism. These efforts are associated with the work of Roy Radner, who joins other analysts in this collection to offer accessible overviews of the existing literature on topics such as Walrasian equilibrium with incomplete markets, rational expectations equilibrium, learning, Markovian games, dynamic game-theoretic models of organization, and experimental work on mechanism selection. Some essays also take up relatively new themes related to bounded rationality, complexity of decisions, and economic survival. The collection overall introduces models that add to the toolbox of economists, expand the boundaries of economic analysis, and enrich our understanding of the inefficiencies and complexities of organizational design in the presence of uncertainty.

Journal of Economic Behavior & Organization

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Publisher :
ISBN 13 :
Total Pages : 892 pages
Book Rating : 4.:/5 (49 download)

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Book Synopsis Journal of Economic Behavior & Organization by :

Download or read book Journal of Economic Behavior & Organization written by and published by . This book was released on 1984 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Privatisation in Developing Countries

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 728 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Privatisation in Developing Countries by : Paul Cook

Download or read book Privatisation in Developing Countries written by Paul Cook and published by Edward Elgar Publishing. This book was released on 2000 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decades of the 20th century, privatization has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatization, however, has not necessarily been accompanied by an increase in market competition. Many public utilities have been privatized as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. This volume brings together a collection of papers that provide theoretical and empirical insights into privatization and regulation, as well as policy perspectives in relation to developing countries.

Revue Canadienne D'économique

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Publisher :
ISBN 13 :
Total Pages : 1026 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Revue Canadienne D'économique by :

Download or read book Revue Canadienne D'économique written by and published by . This book was released on 1989 with total page 1026 pages. Available in PDF, EPUB and Kindle. Book excerpt: A general interest journal in economics.