… by yardstick mechanisms in practice: we show in a dynamic setting that cost-plus-contracts
are chosen in every period but one. Third, it suggests that regulation becomes more efficient …

… 319–327, 1985) model of yardstick competition to a dynamic framework. In a differential game
setting, we show that the yardstick mechanism effectively replicates the first-best solution if …

… than the lagged Shleifer yardstick competition. Hence, welfare … to other mechanisms described
in the literature, the dynamic … two competition mechanisms, we must consider the dynamic …

… #regulation and the minor role played by yardstick mechanisms in practice: we show in a
dynamic setting that cost#plus#contracts are chosen in every period but one. Third, it suggests …

… yardstick mechanism in practice: we show in a dynamic setting that cost-plus-contracts are
chosen in every period but one. Third, it suggests that regulation becomes more efficient with …

… In the mechanism design literature, it is customary to maximize the regulator’s objective …
, ie we investigate if the more specific mechanisms proposed in the Dutch context lead to …

… Finally, the information entropy and the time degree theory are introduced to construct the
dynamic weight vector for establishing the dynamic yardstick evaluation model. Taking county …

… ’s (1985) model of yardstick competition, to a dynamic framework. Specifically, we consider
a differential game and we show that the yardstick mechanism is effective to replicate the first-…

… a dynamic model based on the static model of Harada and Yamauchi (2014), which compares
yardstick … Then, we investigate the effectiveness of both mechanisms in each model. …

… In the mechanism design literature, it is customary to maximize the regulator’s objective …
, ie we investigate if the more specific mechanisms proposed in the Dutch context lead to …