Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Think of a state where the regulator is uncertain as to the true cost of the regulated firm. Also, the firm (the firm's management) can work harder or less hard to control costs; if it doesn't work hard its costs will be higher. There is a subjective cost to work hard to keep costs down, e.g., due to management will have to fire a lot of staff and it will have to introduce new work routines that will not be popular. This is a real & substantial cost, but it doesn't show up in the accounts, it cannot be verified and thus it cannot be compensated explicitly by the regulator.
a) Discuss the trade-off the regulator has to make among cost control and rent extraction. What "family" of regulatory methods will achieve cost control, what "family" of methods will achieve rent extraction? Can the two methods be combined?
b) Under a consumer-welfare standard, try to construct two instances where one of the 2 methods is preferred in one example and the other in the other example. Try to link your two examples to real-world situations!
OUTLINE THE CONTRIBUTION OF OPERATIONS METHODS LIKE QUALITY, PRODUCTIVITY, TECHNOLOGY, SUPPLY CHAIN, DELIVERY, JUST IN TIME, FLEXIBILITY, OUTSOURCING, CO-OPERATION , FACILITY LOCAT
Ask question #how is one qualified to be a tutor?Minimum 100 words accepted#
what is method of product/service selection
#question.how leader practice expert leadership
What limits bacterial growth within a culture of medium? A. nutrients and oxygen B. physical space C. carbon dioxide D. All of the above are correct.
How can the study of organisational behaviour theory provide managers with the knowledge and capabulity to maintain a competitive advantage
what companies provide game theory models
Disadvantages - Survey Research: To fulfil the evidence of concomitant variation it is essential to select one group of people who have gone through a particular experien
discuss the five fundamental aspect of organising
EXPLAIN THE PRINCIPLES OF DIRECTION: a. harmony of objectives b. unity of command c. direct supervision d. effective communication e. effective leadership
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd