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Implementing Efficient Market Structure

Veronika GrimmFrank RiedelElmar G. Wolfstetter

出版	SSRN, 2005
URL	http://books.google.com.hk/books?id=lGvgzwEACAAJ&hl=&source=gbs_api

註釋

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the weighted sum of expected social surplus and expected tax revenue, and show that these mechanisms generally avoid budget deficits and prevent excessive entry.