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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18452Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Meran, Georg | - |
| dc.creator | von Hirschhausen, Christian R. | - |
| dc.date | 2006 | - |
| dc.date.accessioned | 2013-10-16T07:00:03Z | - |
| dc.date.available | 2013-10-16T07:00:03Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18452 | - |
| dc.identifier | ppn:508572479 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18452 | - |
| dc.description | This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator ?only? needs to observe total costs and output of all firms. The modified yardstick competition mechanism can ensure a socially optimal outcome when allowing for spatial and second degree price discrimination, without increasing the informational requirements. We also introduce regulatory lags in the model. A systematic comparison between the results of traditional yardstick regulation and modified yardstick regulation is carried out. Finally, we discuss the applicability of the mechanism. | - |
| dc.language | eng | - |
| dc.publisher | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | - |
| dc.relation | DIW-Diskussionspapiere 559 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | L11 | - |
| dc.subject | L51 | - |
| dc.subject | D40 | - |
| dc.subject | ddc:330 | - |
| dc.subject | regulation | - |
| dc.subject | yardstick competition | - |
| dc.subject | mechanism design | - |
| dc.subject | information asymmetry | - |
| dc.title | A Modified Yardstick Competition Mechanism | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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