Regulation under Asymmetric Information in Water Utilities
نویسنده
چکیده
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use.
منابع مشابه
A discontinuous mispricing model under asymmetric information
We study a discontinuous mispricing model of a risky asset under asymmetric information where jumps in the asset price and mispricing are modelled by Lévy processes. By contracting the filtration of the informed investor, we obtain optimal portfolios and maximum expected utilities for the informed and uninformed investors. We also discuss their asymptotic properties, which can be estimated usin...
متن کاملAlon Harel , Uzi Segal
Since Becker (3), a common argument against asymmetric norms that promote minority rights over those of the majority is that such policies reduce total welfare. While this may be the case, we show that there are simple environments where aggregate sum of individual utilities is actually maximized under asymmetric norms that favor minorities. We thus maintain that without information regarding i...
متن کاملUtilitarianism and discrimination
Since Becker (3), a common argument against asymmetric norms that promote minority rights over those of the majority is that such policies reduce total welfare. While this may be the case, we show that there are simple environments where aggregate sum of individual utilities is actually maximized under asymmetric norms that favor minorities. We thus maintain that without information regarding i...
متن کاملEmploying a Multi-Criteria Approach under Bankruptcy Conditions for Optimal Allocation of Shared Water Resources through Using Asymmetric Nash Bargaining Method
Management based on the flexibility, fairness, and sustainability characteristics of water resources may play a key role in preventing the continuation of the crisis process as well as reducing water users’ conflict. In the present research, the framework for the optimal allocation of shared water resources was presented using a combination of bankruptcy concepts and asymmetric Nash bargaining....
متن کاملAggregation, Determinacy, and Informational Efficiency for a Class of Economies with Asymmetric Information
We identify and analyze a class of economies with asymmetric information that we call quasi-complete. For quasi-complete economies we determine equilibrium trades, show that the set of fully informative equilibria is a singleton, and give necessary and sufficient conditions for the existence of partially informative equilibria. Besides unifying some familiar settings, such as those of Grossman ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2006