Regulation of Quality and the Ratchet Effect: Does Unverifiability Hurt the Regulator?

Journal of Regulatory Economics

Volumn 11, Issue 2, 1997, Pages 139-155

  Dalen, Dag Morten ^a  

^a Found Res in Econ and Bus Admin   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031539020     PISSN: 0922680X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007945915060     Document Type: Article

References (13)

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4. Holmström, B., and P. Milgrom. 1991. "Multi-task principal agent analysis: Incentive contract, asset ownership and job design." Journal of Law, Economics and Organization 7: 26-52.
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8. Laffont, J.J., and J. Tirole. 1993. A Theory of Incentives in Procurement and Regulation. Cambridge: MIT Press.
9. Lewis, T.R., and D.E.M. Sappington. 1991 "Incentives for monitoring quality." Rand Journal of Economics 22: 370-384.
10. Martimort, D. 1994. "Multi-principal Charter as a Safeguard Against Opportunism in Organizations." Mimeo, IDEI, Toulouse.
11. Olsen, T.E., and G. Torsvik. 1993. "The Ratchet Effect in Common Agency: Implications for Regulation and Privatization." Journal of Law, Economics and Organization 9: 136-158.
12. Olsen, T.E., and G. Torsvik. 1995. "Intertemporal common agency and organizational design: How much decentralization?" European Economic Review 39: 1405-1428.
13. Sappington, D.E.M. 1986. "Commitment to regulatory bureaucracy." Information Economics and Policy 2: 243-258.