Regulation under Wealth Constraints

Gautier, Axel
(2000)

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  • Gautier, Axel
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Abstract
This article studies the problem of regulating a monopolist with unknown marginal cost. The problem described differs from Baron and Myerson [1982] because we suppose that the regulator faces a cash-in-advance constraint. The introduction of such a constraint may lead to the collapse of the incentive system.
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Gautier, A. (2000). Regulation under Wealth Constraints (ECON Working Papers 2000/14). https://hdl.handle.net/2078.5/130080