Regulatory Options and Price-Cap Regulation
构建了一个垄断企业拥有私人信息的监管模型，最优监管政策让企业在价格上限和盈余共享两种制度间选择，并分析技术环境和信息不对称如何影响政策设计。
We construct a simple model of the regulatory process in which a monopoly firm has private information about its capabilities and its cost-reducing activities. The optimal regulatory policy offers the firm a choice between two regulatory regimes, one of which resembles pricecap regulation. The other regime has thefirm share realized gains in surplus with consumers. We examine the optimal linking of the two regimes and show how the optimal regulatory policy varies with changes in the technological climate in the industry and with the nature of the information asymmetry between regulator and firm.