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A model of sliding-scale regulation
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Menus of contracts, profit-sharing or sliding-scale arrangements, and ratchets are likely to provide a better balance between performance incentives and rent extraction goals.
“Indeed, menus of contracts, profit-sharing or sliding-scale arrangements (Lyon, 1996), and ratchets are likely to provide a better balance between performance incentives and rent extraction goals (e.g., Laffont & Tirole, 1993; Schmalensee, 1989).”
From The Expansion of Incentive (Performance-Based) Regulation of Electricity Distribution and Transmission in the United States (2024) · cites this paper as Lyon, 1996
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Metadata
- Authors
- Lyon, T. P.
- Affiliations
- University of Chicago (US)
- Corresponding author
- Lyon, Thomas P.
- ORCID
- Lyon, Thomas P.
- Venue
- Journal of Regulatory Economics
- Published
- 1996-05
- Volume
- 9
- Issue
- 3
- Pages
- 227-247
- ISSN
- 0922-680X (ISSN-L)
- 1573-0468
- OpenAlex
- W2258705372
- Cited by
- 113
- References
- 28
- Citations by year
- 2026: 2 · 2024: 1 · 2023: 3 · 2022: 2 · 2021: 1 · 2019: 34 · 2018: 1 · 2017: 2 · 2016: 2 · 2015: 3 · 2014: 4 · 2013: 2
- FWCI
- 13.45
- Type
- journal article
- Language
- en
- Open access
- closed
- Licence
- www.springer.com/tdm (tdm)
- Locations
- Journal of Regulatory Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Public Administration › Regulation and Compliance Studies
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Legal and Constitutional Studies
- Keywords
- profit sharing, price caps, incentive regulation, cost-reducing innovation, firm costs
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