Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/11045
Title: The Bayesian approach to monopoly regulation after 40 years
Authors: Saglam, I.
Keywords: Bayesian approach
Incentive mechanisms
Monopoly
Regulation
Publisher: Springer
Abstract: This paper surveys the monopoly regulation literature with the Bayesian approach. The literature builds on Baron and Myerson’s seminal 1982 paper, entitled “Regulating a Monopolist with Unknown Costs.” After presenting their contributions to the regulation literature, the paper discusses the main criticisms of their model, relating to either informational or commitment assumptions about the Bayesian regulator. The paper also briefly reviews some non-Bayesian incentive schemes, price-cap regulation, and several extensions and applications of Baron and Myerson’s regulatory model to highlight the evolution and scope of the new economics of regulation after 40 years. © 2024, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
URI: https://doi.org/10.1007/s11149-023-09470-1
https://hdl.handle.net/20.500.11851/11045
ISSN: 0922-680X
Appears in Collections:Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

Show full item record



CORE Recommender

WEB OF SCIENCETM
Citations

1
checked on Aug 31, 2024

Page view(s)

70
checked on Nov 4, 2024

Google ScholarTM

Check




Altmetric


Items in GCRIS Repository are protected by copyright, with all rights reserved, unless otherwise indicated.