Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25322
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dc.contributor.authorStrausz, Rolanden_US
dc.date.accessioned2009-01-20en_US
dc.date.accessioned2009-07-23T15:15:16Z-
dc.date.available2009-07-23T15:15:16Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/25322-
dc.description.abstractThe paper provides a tractable, analytical framework to study regulatory risk under optimal incentive regulation. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction to regulatory risk depends on the curvature of the aggregate demand function. 2) It yields a positive information rent effect exactly when demand is convex. 3) Firms benefit from regulatory risk exactly when demand is convex. 4) Consumers' risk preferences tend to contradict the firms. 5) Benevolent regulators always prefer regulatory risk and these preferences may contradict both the firms and consumers' preferences.en_US
dc.language.isoengen_US
dc.publisher|aSFB 649, Economic Risk|cBerlinen_US
dc.relation.ispartofseries|aSFB 649 discussion paper|x2009,006en_US
dc.subject.jelL51en_US
dc.subject.jelD82en_US
dc.subject.ddc330en_US
dc.subject.keywordOptimal incentive regulationen_US
dc.subject.keywordregulatory risken_US
dc.subject.keywordprocurementen_US
dc.subject.keywordinformation rentsen_US
dc.subject.stwAnreizregulierungen_US
dc.subject.stwRegulierungen_US
dc.subject.stwWirtschaftspolitisches Zielen_US
dc.subject.stwRisikoen_US
dc.subject.stwInformationswerten_US
dc.subject.stwRententheorieen_US
dc.subject.stwMikroökonomische Konsumfunktionen_US
dc.subject.stwTheorieen_US
dc.titleRegulatory risk under optimal incentive regulationen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn590235869en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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