Optimal regulation of network expansion.
Abstract: We model the regulation of irreversible capacity expansion by a firm with private information about capacity costs, where investments are financed from the firm's cash flows and demand is stochastic. The optimal mechanism is implemented by a revenue tax that increases with the price cap. I...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 1; pp. 23 - 43 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Spring2018
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| Acceso en línea: | Ver este registro en EBSCOhost |