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Contestable Licensing
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Published/Copyright:
January 17, 2004
We analyze a model of repeated franchise bidding for natural monopoly with contestable licensing -- a franchisee holds an (exclusive) license to operate a franchise until another firm offers to pay more for it. In a world where quality is observable but not verifiable, the simple regulatory scheme we describe combines market-like incentives with regulatory oversight to generate efficient outcomes.
Published Online: 2004-1-17
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- Contestable Licensing
- Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature
- Why Do the Poor and the Less-Educated Pay More for Long-Distance Calls?
- A Model of Welfare-Reducing Settlement
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- Information, the Introduction of Roths, and IRA Participation
- Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature: Comment
- Quantity Controls, License Transferability, and the Level of Investment
- Instrumental Variables for Binary Treatments with Heterogenous Treatment Effects: A Simple Exposition
- Do Parents Value Changes in Test Scores? High Stakes Testing in Texas
- Law Serials Pricing and Mergers: A Portfolio Approach
- Racial Bias in Motor Vehicle Searches: Additional Theory and Evidence
- Poverty Measurement Under Risk Aversion Using Panel Data
- Anti-trade Bias in Trade Policy and General Equilibrium
- Race and the Digital Divide
- Cost Recovery, Efficiency, and Economic Organization for Water Utilities
- A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth
- Selective Enforcement of Copyright as an Optimal Monopolistic Behavior
- Robin Hood's Compromise: The Economics of Moderate Land Reforms
- Pricing Coordination Failures and Health Care Provider Integration
- Access Charges in the Presence of Call Externalities
Keywords for this article
franchise bidding;
natural monopoly;
regulation;
contestable markets;
quality
Articles in the same Issue
- Contributions Article
- Contestable Licensing
- Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature
- Why Do the Poor and the Less-Educated Pay More for Long-Distance Calls?
- A Model of Welfare-Reducing Settlement
- How Does Job Loss Affect the Timing of Retirement?
- Information, the Introduction of Roths, and IRA Participation
- Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature: Comment
- Quantity Controls, License Transferability, and the Level of Investment
- Instrumental Variables for Binary Treatments with Heterogenous Treatment Effects: A Simple Exposition
- Do Parents Value Changes in Test Scores? High Stakes Testing in Texas
- Law Serials Pricing and Mergers: A Portfolio Approach
- Racial Bias in Motor Vehicle Searches: Additional Theory and Evidence
- Poverty Measurement Under Risk Aversion Using Panel Data
- Anti-trade Bias in Trade Policy and General Equilibrium
- Race and the Digital Divide
- Cost Recovery, Efficiency, and Economic Organization for Water Utilities
- A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth
- Selective Enforcement of Copyright as an Optimal Monopolistic Behavior
- Robin Hood's Compromise: The Economics of Moderate Land Reforms
- Pricing Coordination Failures and Health Care Provider Integration
- Access Charges in the Presence of Call Externalities
