Learning-by-doing and asymmetric information in a model of monopoly regulation
A monopoly regulation model is presented which combines learning-by-doing and asymmetric information. The model stresses that companies should invest time and capital in learning new production processes, which, in turn, constitutes the information asymmetry. Moreover, additional investments can be infused in the post-learning process to optimize the adoption of new technologies. Several key implications gathered from the model are discussed.
Publication Name: Bulletin of Economic Research
The Pricing and Management of Walking Tracks in Tasmania
Economic models can be constructed to maximize the financial benefits of outdoor trails in Australia's national parks. One successful model is the first-best fee and first-best level of track development. Fees can be used to offset detrimentals such as trail deterioration and crowding. Non-linear pricing allows for fluctuations in demand.
Publication Name: Australian Economic Review
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