search query: @indexterm GOVERNMENT CONTRACTING / total: 34
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| Author: | Bös, D. |
| Title: | Incomplete contracting and price regulation. |
| Journal: | Journal of Public Economics
1999 : SEP, VOL. 73:3, p. 353-371 |
| Index terms: | Regulations Government contracting Price policy |
| Freeterms: | Hold-up problem |
| Language: | eng |
| Abstract: | The article deals with price regulation of a monopolistic distribution grid which sells a licence to some retailer. The regulator aims at attaining efficient sale of the license and efficient relationship-specific investments of the agents. The first best can be attained by a sequential regulatory mechanism which gives the seller an option to grant the licence but allows the buyer to make counteroffers. |
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