| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5659 |
| DP5659 Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies | |
| Shoshana Neuman; Einat Neuman | |
| 发表日期 | 2006-04-25 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds à la Laffont and Tirole (1993). An alternative to regulation is proposed in which firms are free to enter the market and to choose their price and output levels. However the government can contract ex-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where governments commit to both investment and operation cash-flows. This is especially relevant in case of high technological uncertainties. |
| 主题 | Industrial Organization |
| 关键词 | Privatization Soft-budget constraint Adverse selection Regulation Natural monopoly |
| URL | https://cepr.org/publications/dp5659 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534502 |
| 推荐引用方式 GB/T 7714 | Shoshana Neuman,Einat Neuman. DP5659 Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies. 2006. |
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