|
EconStor >
Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22825
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Gautier, Axel | | en_US |
| dc.contributor.author | | Mitra, Manipushpak | | en_US |
| dc.date.accessioned | | 2009-01-29T15:10:07Z | | - |
| dc.date.available | | 2009-01-29T15:10:07Z | | - |
| dc.date.issued | | 2002 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22825 | | - |
| dc.description.abstract | | In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second property is self-selection for the less efficient firms. The third property is that the mechanism is a third best one. In other words, as long as the budget-constraint is binding, the optimal output is strictly lower than the second best output for any given type. Finally, if the budget constraint is too strong, then we have a full bunching solution. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2002,15 | | en_US |
| dc.subject.jel | | H42 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.jel | | L51 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Regulation | | en_US |
| dc.subject.keyword | | Asymmetric Information | | en_US |
| dc.subject.keyword | | Budget Constraint | | en_US |
| dc.subject.stw | | Infrastrukturinvestition | | en_US |
| dc.subject.stw | | Haushaltskonsolidierung | | en_US |
| dc.subject.stw | | Asymmetrische Information | | en_US |
| dc.subject.stw | | Budgetrestriktion | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Financing Infrastructure under Budget Constraint | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 374125813 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|