Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/12283
Título: | Quality competition with motivated providers and sluggish demand |
Autor(es): | Siciliani, Luigi Straume, Odd Rune Cellini, Roberto |
Palavras-chave: | Quality competition Differential games Motivated agents |
Data: | 2011 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Relatório da Série N.º: | NIPE Working Paper series; 14. |
Resumo(s): | We study incentives for quality provision in markets where providers are motivated (semi-altruistic); prices are regulated and firms are funded by a combination of block grants and unit prices; competition is based on quality, and demand adjusts sluggishly. Health or education are sectors in which the mentioned features are the rule. We show that the presence of motivated providers makes dynamic competition tougher, resulting in higher steady-state levels of quality in the closed-loop solutions than in the benchmark open-loop solution, if the price is sufficiently high. However, this result is reversed if the price is sufficiently low (and below unit costs). Sufficiently low prices also imply that a reduction in demand sluggishness will lead to lower steady-state quality. Prices below unit costs will nevertheless be welfare optimal if the providers are sufficiently motivated. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/12283 |
Versão da editora: | http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_14_2011.pdf |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
NIPE_WP_14_2011.pdf | NIPE - WP 14/2011 | 582,57 kB | Adobe PDF | Ver/Abrir |