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Toward a Synthesis of Models of Regulatory Policy Design with Limited Information

Research paper by Mark Armstrong, David E. M. Sappington

Indexed on: 01 Jul '04Published on: 01 Jul '04Published in: Journal of Regulatory Economics



Abstract

We develop a simple, yet general, model that admits as special cases several key analyses of the design of regulatory policy in the presence of asymmetric information. In doing so, we help to identify the central differences and similarities among the diverse analyses in the literature.