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Incentive Monopoly Regulation with Entry

Author

Listed:
  • Kim, Jaehong

Abstract

This paper analyzes the non-dichotomy nature of the entry and the price regulations under asymmetric information. When current market is a monopoly and there is a potential entrant, the government should make decisions both on the monopoly (price) regulation and on the entry regulation simultaneously. In this case, if information is incomplete, entry and price regulations should be incentive compatible not only individually but also jointly against each other. An integrated incentive regulation which incorporates entry and price regulations at the same time is derived for the comprehensive analysis of the monopoly regulation under asymmetric information.

Suggested Citation

  • Kim, Jaehong, 2000. "Incentive Monopoly Regulation with Entry," Discussion Paper Series a399, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a399
    Note: Bibliography: p. 17
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/13855/DP399.pdf
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    More about this item

    Keywords

    asymmetric information; price regulation; entry regulation; incentive compatibility;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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