Regulating a Monopolist with Unknown Costs

From MaRDI portal
Publication:3942706

DOI10.2307/1912769zbMath0483.90019OpenAlexW2155300024WikidataQ55919235 ScholiaQ55919235MaRDI QIDQ3942706

David P. Baron, Roger B. Myerson

Publication date: 1982

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/412.pdf




Related Items

Dynamic incentive contracts in multiple penalty systems with no-commitment to tenure-track auditingBundled Payments For Healthcare Services: Proposer Selection and Information SharingStochastic Programming Perspective on the Agency Problems Under UncertaintyOPTIMAL MULTIATTRIBUTE SCREENINGDesign of Incentive Programs for Optimal Medication Adherence in the Presence of Observable ConsumptionA principal-agent model of sequential testingOptimal information structures in bilateral tradeA structural analysis of simple contractsParticipation constraints in discontinuous adverse selection modelsRegulating a monopolist with uncertain costs without transfersOutsource planning with asymmetric supply cost information through a menu of option contractsRegulating oligopolistic competitionDynamic regulation on innovation and adoption of green technology with information asymmetryDoes uncertainty spread vertically? A theory of multilayer newsvendors under asymmetric informationCollusion, shading, and optimal organization designQuantum contracts between Schrödinger and a catUniform, efficient and independent Ramsey taxes across marketsQuantile analysis of ``hazard-rate game modelsInformation acquisition and countervailing incentivesThe more the merrier? On the optimality of market size restrictionsWhen is knowledge acquisition socially beneficial in the Laffont-Tirole regulatory framework?Principal–Agent Theory, Game Theory, and the Precautionary PrinciplePricing and Design of After-Sales Service Contract: The Value of Mining Asymmetric Sales Cost InformationSequential negotiations with costly information acquisitionA yardstick competition approach to a multi-firm regulation problem under asymmetric informationContracting with imperfect commitment and noisy communicationExpected consumer's surplus as an approximate welfare measurePrincipal-Agent ModelsON OPTIMAL ENVIRONMENTAL TAXATION AND ENFORCEMENT: INFORMATION, MONITORING AND EFFICIENCYAnalysis of vertical separation of regulators under adverse selectionInducing Environmental Disclosures: A Dynamic Mechanism Design ApproachDynamic yardstick mechanismsEndogenous residual claimancy by vertical hierarchiesBayesian optimal knapsack procurementHOW TO DESIGN INFRASTRUCTURE CONTRACTS IN A WARMING WORLD: A CRITICAL APPRAISAL OF PUBLIC-PRIVATE PARTNERSHIPS*Budget Feasible Procurement AuctionsGRANTING AN EXIT OPTION TO CONDUCT AN AUDITOn Competitive Equilibria with Asymmetric InformationThe Discrete Moment Problem with Nonconvex Shape ConstraintsA dynamic model of advertising by the regulated firmImpact of price cap regulation on supply chain contracting between two monopolistsCompetitive contracts with productive information gatheringMultidimensional signallingBunching properties of optimal nonlinear income taxesIdentification of participation constraints in contractsA general characterization of interim efficient mechanisms for independent linear environmentsPricing and volume discounting for a dominant retailer with uncertain manufacturing cost informationNonconvex equilibrium models for gas market analysis: failure of standard techniques and alternative modeling approachesOptimal bunching without optimal controlA necessary and sufficient condition for rationalizability in a quasilinear contextOn the relative performance of alternative regulatory instruments for constraining a firm's profitabilityOptimal auction with a general distribution: virtual valuation without densitiesAn incentive scheme of a non-linear price schedule for regulating a monopolist with unknown costInvoluntary unemployment and worker self-selectionOptimal contracts with public ex post informationImpact of structure, market share and information asymmetry on supply contracts for a single supplier multiple buyer networkRisky utilitiesAsymmetric information in a bilateral monopolyBargaining and collusion in a regulatory relationshipContract competition between hierarchies, managerial compensation and imperfectly correlated shocksReduced cost functions and their applicationsMultidimensional incentive compatibility and mechanism designBargaining and regulation with asymmetric information about demand and supplyRegular type distributions in mechanism design and \(\rho\)-concavityEx-post optimal knapsack procurementDelegation and nonmonetary incentivesValue of communication in agenciesRepeated principal-agent relationships with lending and borrowingMulti-period contracts between principal and agent with adverse selectionCoordination and externalitiesNon-linear pricing by convex dualityInformed principal and countervailing incentivesAn uncertain contract model for rural migrant worker's employment problemsEfficient mechanisms with information acquisitionDelegated contracting, information, and internal controlRegulating a manager whose empire-building preferences are private informationOptimal redistributive taxation with both extensive and intensive responsesThe irreversibility effect and agency conflictsAdverse selection without single crossing: monotone solutionsConsulting collusive expertsThe robustness of multidimensional signalling equilibriaOptimal environmental regulation of politically influential sectors with asymmetric informationIntroduction to symposium on dynamic contracts and mechanism designMergers between regulated firms with unknown efficiency gainsFranchise bidding, regulation and investment costsRegulating a firm under adverse selection and moral hazard in uncertain environmentInducing efficiency in oligopolistic markets with increasing returns to scaleInformation provision before a contract is offeredVertical contracting with endogenous market structureDominant strategy implementation of Bayesian incentive compatible allocation rulesConsumer returns reduction and information revelation mechanism for a supply chainShould purchasing activities be outsourced along with production?Non-linear pricing and optimal shipping policiesThe interaction between corporate tax structure and disclosure policyWhen is multidimensional screening a convex program?Convexity and multi-dimensional screening for spaces with different dimensionsRegulation through a revenue contestQuality distortions in vertical relationsThe role of the agent's outside options in principal-agent relationshipsEndogenous information and stochastic contractsOptimal stationary contract with two-sided imperfect enforcement and persistent adverse selectionInequity aversion in dynamically complex supply chainsContracts with endogenous informationOption and forward contracting with asymmetric information: Valuation issues in supply chainsWhen should a manufacturer share truthful manufacturing cost information with a dominant retailer?Renegotiation design with multiple regulatorsBank monitoring incentives under moral hazard and adverse selectionPricing, routing, and incentive compatibility in multiserver queuesOptimal Mirrleesian taxation in non-competitive labor marketsRegulation, competition, and asymmetric informationStrategic information gathering before a contract is offeredRegulation of a risk averse firmContracts and productive information gatheringOptimal auctions with information acquisitionCountervailing incentives in agency problemsOn monitoring and collusion in hierarchiesExistence in multidimensional screening with general nonlinear preferencesMonopoly regulation without the Spence-Mirrlees assumptionOptimal regulation with unknown demand and cost functionsTry before you buy: a theory of dynamic information acquisitionBundling versus unbundling: asymmetric information on information externalitiesProduction externalities and two-way distortion in principal-multi-agent problemsAn adjustment scheme for nonlinear pricing problem with two buyersA choice-based optimization approach for contracting in supply chainsInformation and incentives in computing services supply: The effect of limited system choicesParticipation constraints in adverse selection modelsWell-designed incentive schemes: introduction to the special issue in honor of Semih KorayBridging bargaining theory with the regulation of a natural monopolyOptimal incentive contracts with multiple agentsDelegation and information disclosure with unforeseen contingenciesEx post information rents in sequential screeningA note on yardstick regulation of fishery monopoliesInequality, poverty and the composition of redistributionDo sellers offer menus of contracts to separate buyer types? An experimental test of adverse selection theoryOptimal employment contracts with bankruptcy constraintsPollution control in a Cournot duopoly via taxes or permitsPessimistic information gatheringAll-or-nothing information controlStrategically equivalent contestsDynamic incentive contracts under no-commitment to periodic auditing and a non-retrospective penalty system