You have new items in your feed. Click to view.
Question and answer
define incentive and explain the government's incentive for this regulation.
an incentive is any factor (financial or non-financial) that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. [ [ It is an expectation that encourages people to behave in a certain way.[1] Since human beings are purposeful creatures, the study of incentive structures is central to the study of all economic activity (both in
terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure). Economic analysis, then, of the differences between societies (and between different organizations within a society) largely amounts to characterizing the differences in incentive structures faced by individuals involved in these collective efforts. Ultimately, incentives aim to provide value for money and contribute to organizational success.[2].Example: Incentive Regulation in the Utility Sector Incentive-based regulation can be defined as the conscious use of rewards and penalties to encourage good performance in the utility sector. Incentives can be used in several contexts. For example, policymakers in the United States used a quid pro quo incentive when some of the U.S. incumbent local telephone companies were allowed to enter long distance markets only if they first cooperated in opening their local markets to competition. Incentive regulation is often used to regulate the overall price level of utilities. There are four primary approaches to regulating the overall price level: rate of return (or cost of service) regulation, price cap regulation, revenue cap regulation, and benchmarking (or yardstick) regulation. With benchmarking, for example, the operator’s performance is compared to other operators’ performance and penalties or awards are assessed based on the operator’s relative performance. For instance, the regulator might identify a number of comparable operators and compare their cost efficiency. The most efficient operators would be rewarded with extra profits and the least efficient operators would be penalized. ] ]
Get an answer
Original conversation
User: explain why the private businesses will not provide public goods

User: define price discrimination and give one example

User: one example of price discrimination

User: one example of price discrimination

User: define incentive and explain the government's incentive for this regulation.

Weegy: an incentive is any factor (financial or non-financial) that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. [ [ It is an expectation that encourages people to behave in a certain way.[1] Since human beings are purposeful creatures, the study of incentive structures is central to the study of all economic activity (both in terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure). Economic analysis, then, of the differences between societies (and between different organizations within a society) largely amounts to characterizing the differences in incentive structures faced by individuals involved in these collective efforts. Ultimately, incentives aim to provide value for money and contribute to organizational success.[2].Example: Incentive Regulation in the Utility Sector Incentive-based regulation can be defined as the conscious use of rewards and penalties to encourage good performance in the utility sector. Incentives can be used in several contexts. For example, policymakers in the United States used a quid pro quo incentive when some of the U.S. incumbent local telephone companies were allowed to enter long distance markets only if they first cooperated in opening their local markets to competition. Incentive regulation is often used to regulate the overall price level of utilities. There are four primary approaches to regulating the overall price level: rate of return (or cost of service) regulation, price cap regulation, revenue cap regulation, and benchmarking (or yardstick) regulation. With benchmarking, for example, the operator’s performance is compared to other operators’ performance and penalties or awards are assessed based on the operator’s relative performance. For instance, the regulator might identify a number of comparable operators and compare their cost efficiency. The most efficient operators would be rewarded with extra profits and the least efficient operators would be penalized. ] ]
Expert answered|kikaycore|Points 2190|

Question
Asked 11/9/2011 12:13:50 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,983,937 questions answered
Popular Conversations
How can data on one variable be displayed in ...
Weegy: Data on one variable can be displayed in categories using a - Pie chart. User: How do ...
8/30/2016 10:00:45 AM| 2 Answers
The basic unit of life.
Weegy: BASIC (an acronym for Beginner's All-purpose Symbolic Instruction Code) is a family of general-purpose, ...
8/30/2016 10:30:13 AM| 2 Answers
A "well-rounded" exercise program should include either anaerobic or ...
Weegy: false User: The ability of a muscle to exert force is: strength endurance fitness flexibility
8/30/2016 1:32:26 PM| 2 Answers
the transfer of thermal energy User: Mechanical waves use matter to ...
Weegy: Mechanical waves use matter to transfer energy. TRUE. User: A disturbance that transfers energy from ...
8/30/2016 9:47:47 PM| 2 Answers
5(x - 4) = 12
8/31/2016 9:49:58 AM| 2 Answers
Weegy Stuff
S
Points 809 [Total 880] Ratings 5 Comments 759 Invitations 0 Offline
S
1
L
Points 775 [Total 1609] Ratings 3 Comments 745 Invitations 0 Offline
S
L
P
P
P
P
Points 726 [Total 3981] Ratings 0 Comments 726 Invitations 0 Offline
S
Points 151 [Total 151] Ratings 0 Comments 151 Invitations 0 Offline
S
Points 58 [Total 285] Ratings 0 Comments 58 Invitations 0 Offline
S
L
P
P
P
Points 46 [Total 3862] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 40 [Total 45] Ratings 0 Comments 0 Invitations 4 Offline
S
Points 15 [Total 15] Ratings 0 Comments 5 Invitations 1 Offline
S
L
C
Points 11 [Total 4491] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.