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Government intervention in production and incentives theory : a review of recent contributions

Author(s)
Caillaud, Bernard
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Abstract
This paper reviews the recent literature on regulation under asymmetric information. If first develops the conceptual framework and offers a reminder of the techniques used in the field. It then applies the framework and techniques to a variety of situations, with or without the use of accounting data. Next, the analysis is extended to dynamics with or without commitment. The paper concludes with desirable directions for research.
Date issued
1987
URI
http://hdl.handle.net/1721.1/27204
Publisher
MIT Energy Lab
Other identifiers
19581905
Series/Report no.
MIT-EL87-019WP
Keywords
Asymmetric information, Regulation, Public firms, Incentives, Auditing

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  • 2. Working Papers

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