Political price cycles in regulated industries : theory and evidence /
This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price...
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| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
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| Series: | IMF working paper ;
WP/06/260. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |