Regulating a transport company with private information about costs

Citation metadata

Date: Sept. 1994
Publisher: London School of Economics at the University of Bath (UK)
Document Type: Article
Length: 65 words

Document controls

Main content

Abstract :

Three different policy schemes for regulating the transportation sector with private information about costs are analyzed. It is shown that a suitable monitoring strategy is preferable to regulators when the value of perfect information exceeds the estimated social costs of obtaining the information and when the value of the information on a company's efficiency exceeds the expected social costs in revealing this information by monitoring.

Source Citation

Source Citation   

Gale Document Number: GALE|A16522626