Electronic Resource
Oxford, UK; Malden, USA
:
Blackwell Publishing Ltd/Inc.
Annals of public and cooperative economics
75 (2004), S. 0
ISSN:
1467-8292
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
Abstract This article studies a simple procurement problem (Laffont and Tirole,1993) where the regulator faces a cash-in-advance constraint. The introduction of such a constraint not only reduces the amount of public good provided but also limits the instruments available to the regulator. The wealth constraint could change the optimal regulatory contract from a two-part tariff, where the quantities produced depend on the firm’s cost, to a less efficient fixed fee where the firm produces the same quantity whatever its cost.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-8292.2004.00266.x
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