| Author: | Boyer, M. |
| Title: | Competition and the reform of incentive schemes in the regulated sector |
| Journal: | Journal of Public Economics
2003 : AUG, VOL. 87:7-8, p. 1353-1381 |
| Index terms: | Agency theory Competition Incentives Information theory |
| Language: | eng |
| Abstract: | The author consider a regulation problem with complete contracting in a principal-agent model with adverse selection and review within this model the various channels by which external competition parameters affect incentives within the regulated firm. The channels are: the principal's information, the principal's objective funtion, the agent's incentive constraint, the agent's participation constraint. |
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