A NOTE ON THE EFFECT OF RATE-OF-RETURN REGULATION UNDER UNCERTAINTY

被引：2

作者：

CHANG, KP

机构：

[1] Department of Economics, National Tsing Hua University, Hsinchu, 30043, Kuang Fu Road

来源：

JOURNAL OF REGULATORY ECONOMICS | 1991年 / 3卷 / 04期

关键词：

D O I：

10.1007/BF00138474

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper corrects the errors of Peles and Stein's capital-setting (i.e., capital is ex-ante) model and Das' quantity-setting (i.e., all inputs are ex-ante) model. It also shows that rate-of-return regulated firms always overcapitalize in the quantity-setting case, but may overcapitalize, undercapitalize or produce efficiently in the capital-setting case. © 1991 Kluwer Academic Publishers.

引用

页码：349 / 355

页数：7

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