Regulating a monopolist with limited funds
โ Scribed by Axel Gautier; Manipushpak Mitra
- Publisher
- Springer
- Year
- 2006
- Tongue
- English
- Weight
- 153 KB
- Volume
- 27
- Category
- Article
- ISSN
- 0938-2259
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper studies a monopoly firm with the ability to conduct costly pre-market testing of its product in order to predict how safe this product is to consume. While there are private incentives to test, the amount of testing effort supplied by a monopolist need not be optimal. In a model which all
## A decentralized stochastic control problem is solved for a linear system with two local controllers that exchange their control signals by transmission over noisy communication links. Each local controller contains a subsystem that approximately reconstructs the system state. A deterministic vers