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The arrears issue in public service enterprises becomes the current focus of attention of our society. This paper proposed unreasonable regulatory mechanism is one of the most important causes of arrears. A Hawk-Dove game theory is applied here in order to produce a comprehensive analytic framework for solving such problem. Based on this theory, the paper analyzes the ESS for public service enterprises...
An important limitation of yardstick competition is due to its susceptibility to collusive manipulation. The degree which the regulated firms manage to conspire is affected by the particulars of the scheme. The incentives for collusion among firms when an industry is regulated by means of yardstick competition are analysed in a Principal-Agent framework, and we propose the optimal collusion-proof...
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