A Theory of Incentives in Procurement and Regulation

A Theory of Incentives in Procurement and Regulation

by Jean Tirole, Jean-Jacques Laffont

705 pages· ISBN 9780262121743
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Based on their pathbreaking work in the application of principal-agent theory toquestions of regulation, Laffont and Tirole develop a synthetic approach, with a particular, thoughnot exclusive, focus on the regulation of natural monopolies such as military contractors, utilitycompanies, and transportation authorities.

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