Incentive Regulation and the Regulation of Incentives.pdf

Incentive Regulation and the Regulation of Incentives PDF

Glenn Blackmon

The class is theory of price regulation assumed that the regulator knows the fIrms costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The regulatory problem was reduced to a mere pricing problem: the regulators goal was to align price with marginal cost, subject to the constraint that revenues must cover costs. Elegant and important insights ensued. The most important was that regulation was inevitably a struggle to achieve second-best outcomes. (Ramsey pricing was a splendid example. ) Reality proved harsh to regulatory theory. The fmns costs are by no means known to the regulator. At best, the regulator may know how much is currently spent to provide services, but hardly what costs would be if the fmn vigorously pursued effIciency. Even if the current cost curve were known to the regulator, technologies change so swiftly that todays costs are a very poor indicator of tomorrows, and those are the costs that will determine the fIrms future decisions. With the burgeoning attention to information considerations and game theory in economics, the regulators problem of eliciting host information about cost has received considerable attention. In most cases, however, it has been in context that are both static and stylized

30 Jan 2014 ... Balancing Strong Incentives against. Consumer Interests. PURC, University of Florida 3. Definition. Incentive regulation is the use of. rewards ... Advantages / Disadvantages. ◦ Exogenous costs. ◦ Inflation indices. ◦ X factor. ▻ Performance Based Regulation. ▻ Specific Incentives. Order of presentation ...

6.32 MB DATEIGRÖSSE
1461361656 ISBN
Englisch SPRACHE
Incentive Regulation and the Regulation of Incentives.pdf

Technik

PC und Mac

Lesen Sie das eBook direkt nach dem Herunterladen über "Jetzt lesen" im Browser, oder mit der kostenlosen Lesesoftware Adobe Digital Editions.

iOS & Android

Für Tablets und Smartphones: Unsere Gratis tolino Lese-App

Andere eBook Reader

Laden Sie das eBook direkt auf dem Reader im Hugendubel.de-Shop herunter oder übertragen Sie es mit der kostenlosen Software Sony READER FOR PC/Mac oder Adobe Digital Editions.

Reader

Öffnen Sie das eBook nach der automatischen Synchronisation auf dem Reader oder übertragen Sie es manuell auf Ihr tolino Gerät mit der kostenlosen Software Adobe Digital Editions.

Aktuelle Bewertungen

avatar
Sofia Voigt

If the goal is to maximize profits, then an optimal incentive will be one that encourages workers to balance the risk imposed by the employee for poor performance and the marginal disutility of effort. A weak incentive is any incentive below this level. Regulation in the utilities sector

avatar
Matteo Müller

Regulatory methodologies Incentive regulation for ...

avatar
Noel Schulze

Incentive Regulation and Investment Behavior Empirical literature does not identify systematic negative impact of incentive regulation on investment incentives in energy supply. Higher productivity and service quality after implementation of incentive regulation But: limited number of empirical studies due to extensive data requirements Our analysis contributes in this context! Empirics

avatar
Jason Lehmann

Introduction to the Fundamentals of Incentive Regulation By Sanford V. Berg Director, Public Utility Research Center University of Florida Some might argue that the term "incentive" in incentive regulation is redundant. Government intervention by definition establishes a system of rewards and penalties for private decision -makers. The Incentive Regulation Theory and Practice 9-15-05

avatar
Jessica Kohmann

Challenges of incentive regulation – What are the key challenges that need to be addressed when introducing incentives? You're in the section: Frequently Asked Questions-> Price Level and Tariff Design-> Challenges of incentive regulation – What are the key challenges that need to be addressed when introducing incentives?