𝔖 Bobbio Scriptorium
✦   LIBER   ✦

REGULATION AND INVESTMENT

✍ Scribed by Alberto Alesina; Silvia Ardagna; Giuseppe Nicoletti; Fabio Schiantarelli


Book ID
119892453
Publisher
MIT Press
Year
2005
Tongue
English
Weight
298 KB
Volume
3
Category
Article
ISSN
1542-4766

No coin nor oath required. For personal study only.


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Arguments for and against the proposition that price-capped privatised utilities have an incentive to under-invest are examined in the context of airport regulation. The general proposition finds support from generic arguments associated with the hold-up problem and with ex-post opportunism. Three c