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| Author: | Garcia, S. Thomas, A. |
| Title: | Regulation of public utilities under asymmetric information: the case of municipal water supply in France |
| Journal: | Environmental and Resource Economics
2003 : SEP, VOL. 26:1, p. 145-162 |
| Index terms: | Environmental economics Water resources France Municipal engineering |
| Language: | eng |
| Abstract: | The authors consider the relationship between a local community and a private operator in charge of the water utility. They compute the first-best and asymmetric information solutions to the optimal contract, with private information on the operator's technology. Based on an econometric estimation of production cost and water demand for a panel of French local communities, the authors simulate the optimal contract solutions and show that asymmetric information has important consequences for the regulation of water public utilities. |
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