Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/22825
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Gautier, Axel | en |
dc.contributor.author | Mitra, Manipushpak | en |
dc.date.accessioned | 2009-01-29T15:10:07Z | - |
dc.date.available | 2009-01-29T15:10:07Z | - |
dc.date.issued | 2002 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22825 | - |
dc.description.abstract | In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second property is self-selection for the less efficient firms. The third property is that the mechanism is a third best one. In other words, as long as the budget-constraint is binding, the optimal output is strictly lower than the second best output for any given type. Finally, if the budget constraint is too strong, then we have a full bunching solution. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonn | en |
dc.relation.ispartofseries | |aBonn Econ Discussion Papers |x15/2002 | en |
dc.subject.jel | H42 | en |
dc.subject.jel | D82 | en |
dc.subject.jel | L51 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Regulation | en |
dc.subject.keyword | Asymmetric Information | en |
dc.subject.keyword | Budget Constraint | en |
dc.subject.stw | Infrastrukturinvestition | en |
dc.subject.stw | Haushaltskonsolidierung | en |
dc.subject.stw | Asymmetrische Information | en |
dc.subject.stw | Budgetrestriktion | en |
dc.subject.stw | Theorie | en |
dc.title | Financing Infrastructure under Budget Constraint | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 374125813 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bonedp:152002 | - |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.