Regulatory Schemes and Political Capture in a Local Public Sector

Gagnepain, Philippe and Ivaldi, Marc (2010) Regulatory Schemes and Political Capture in a Local Public Sector. TSE Working Paper, n. 10-158

[img]
Preview
Text
Download (339kB) | Preview
Official URL: http://tse-fr.eu/pub/22667

Abstract

We consider a framework of contractual interactions between urban transport authorities and transport operators. We estimate simultaneously the choice of contract by the authorities and the effect of regulation on the cost reducing activity of the operators. We test whether regulatory schemes currently implemented in the industry are the observable items of a more general menu of second best contracts. We suggest that the generation process of the data we have in hand is better explained by the political aspects of regulation. Moreover, the cost reducing effort of the operators is greater under fixed-price regimes, compared to the cost-plus case.

Item Type: Monograph (Working Paper)
Language: English
Date: May 2010
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 18 Jan 2012 06:01
Last Modified: 07 Mar 2018 13:22
OAI ID: oai:tse-fr.eu:22667
URI: http://publications.ut-capitole.fr/id/eprint/3359

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year