Contestable Licensing

Verfasser / Beitragende:
[Zvika Neeman, Gerhard Oskar Orosel]
Ort, Verlag, Jahr:
2004
Enthalten in:
Contributions in Economic Analysis & Policy, 3/1(2004-01-17)
Format:
Artikel (online)
ID: 378936239
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245 0 0 |a Contestable Licensing  |h [Elektronische Daten]  |c [Zvika Neeman, Gerhard Oskar Orosel] 
520 3 |a We analyze a model of repeated franchise bidding for natural monopoly with contestable licensing -- a franchisee holds an (exclusive) license to operate a franchise until another firm offers to pay more for it. In a world where quality is observable but not verifiable, the simple regulatory scheme we describe combines market-like incentives with regulatory oversight to generate efficient outcomes. 
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690 7 |a contestable markets  |2 nationallicence 
690 7 |a quality  |2 nationallicence 
700 1 |a Neeman  |D Zvika  |u Boston University and Hebrew University, zvika@post.tau.ac.il  |4 aut 
700 1 |a Orosel  |D Gerhard Oskar  |u University of Vienna, gerhard.orosel@univie.ac.at  |4 aut 
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