6 resultados para regulatory mechanisms

em Iowa Publications Online (IPO) - State Library, State of Iowa (Iowa), United States


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Report for Iowa Utilities Board

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Regulatory Plan for Fiscal Year 2005

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This plan is intended to implement Governor Vilsack’s Executive Order Number 9, V, signed September 14, 1999. This plan provides the Division of Workers’ Compensation anticipated regulatory actions for potential rule making activity for State Fiscal Year 2005, which began July 1, 2004, and thereafter.

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This paper revisits the issue of the regulatory choice between a mandatory label and a minimum-quality standard. When the cost of regulation is relatively low, we show that the socially optimal choice depends on the producers’ cost structure for complying with regulation and improving quality. Under a marginal cost for improving quality, the mandatory labeling is sufficient for reaching the socially optimal level of quality. Under a fixed cost for improving quality, we show that each instrument or the combination of both instruments may emerge at the equilibrium.