Political Price Cycles in Regulated Industries : Theory and Evidence /

This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Paiva, Claudio
Muut tekijät: Moita, Rodrigo
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2006.
Sarja:IMF Working Papers; Working Paper ; No. 2006/260
Linkit:Full text available on IMF