Infrastructure quality regulation
| Autor: | Jan Yngve Sand |
|---|---|
| Rok vydání: | 2012 |
| Předmět: |
media_common.quotation_subject
Geography Planning and Development Transportation Environmental economics Vertical integration Critical infrastructure Firm-specific infrastructure Microeconomics Information asymmetry Economics Quality (business) Private information retrieval Duopoly Externality media_common |
| Zdroj: | Transport Policy. 24:310-319 |
| ISSN: | 0967-070X |
| Popis: | Infrastructure quality is crucial to achieve an efficient transportation network. This paper considers the regulation of infrastructure quality when the impact of investments on demand is private information. The choice of vertical structure has an impact on the information rent, and it is shown that the value of the firm's private information is reduced under vertical separation. In determining the optimal quality, there is a trade-off between information rent and internalization of the vertical externality. Hence, both the magnitude of the infrastructure charge and the decision on the vertical structure are crucial factors. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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