Individual and Relative Regulation: An Investigation of Investment Incentives Under a Cost-plus Approach

Conference object English OPEN
Lefouili, Yassine; Ebel, Nikos;
(2007)
  • Publisher: HAL CCSD
  • Subject: [ SHS.ECO ] Humanities and Social Sciences/Economies and finances | [SHS.ECO] Humanities and Social Sciences/Economies and finances
    mesheuropmc: health care economics and organizations

ED EPS; In this paper we analyze the effects of a modified Yardstick competition on firms' cost-reduction efforts. Departing from the existing literature, we use a relative cost-plus approach: firms are regulated on the basis of other firms' performances, but they are g... View more
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