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.
17,426,717 questions answered
Popular Conversations
All of the following physical reactions occur when our ...
Weegy: What are your choices? User: A. dilating pupils B. increasing heartbeat C. increasing digestion D. increasing ...
9/17/2014 12:53:07 AM| 5 Answers
Which of the following areas would most likely have the deepest layer ...
Weegy: Which of the following areas would most likely have the deepest layer of topsoil? b. beach User: Which layer ...
9/17/2014 1:00:32 AM| 4 Answers
Simplify the expression where possible. (4c^2)^3 User: Simplify the ...
Weegy: -4x^4 User: Simplify the expression where possible. (x^2)^4 Weegy: that's not possible! what do you need to ...
9/18/2014 9:32:07 AM| 4 Answers
Simplify the expression where possible. (6^3)^-3 User: Simplify the ...
Weegy: (2^3) - 2 = 8 - 2 = 6 ; So the answer is 6. User: Evaluate the following expression. (5x)^0 User: ...
9/18/2014 9:35:27 AM| 4 Answers
Is the underlined word a predicate nominative or a predicate ...
Weegy: "The workers remained calm during the fire drill." In this sentence the word "calm" is the predicate adjective. ...
9/17/2014 2:01:58 PM| 3 Answers
Which word in the sentence is an indirect object? Send them ...
Weegy: D. apartment is an indirect object. User: Which word in the sentence is an indirect object? Choose all ...
9/18/2014 1:00:56 PM| 3 Answers
. Command is: A. Assumed by the individual who is the highest ranking ...
Weegy: Command is Directing, ordering, or controlling by virtue of explicit statutory, regulatory, or delegated ...
9/17/2014 1:35:53 AM| 2 Answers
When communicating, ICS requires the use of
Weegy: The Incident Command System (ICS) is "a systematic tool used for the command, control, and coordination of ...
9/17/2014 1:36:41 AM| 2 Answers
7. Before applying the corkscrew, Lucas discovers a bit of mold on ...
Weegy: Before applying the corkscrew, Lucas discovers a bit of mold on the cork of a bottle of Pinot Noir. Lucas should ...
9/17/2014 2:54:10 AM| 2 Answers
What court case upheld the use of implied powers by Congress in any ...
Weegy: The implied powers doctrine, upheld in McCulloch v. Maryland, gives Congress the power to create a national bank ...
9/17/2014 2:06:27 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 1992 [Total 26391]| Ratings 4| Comments 1952| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1801 [Total 8332]| Ratings 8| Comments 1721| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1431 [Total 11211]| Ratings 0| Comments 1431| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1355 [Total 17294]| Ratings 10| Comments 1255| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1334 [Total 18506]| Ratings 3| Comments 1304| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 542 [Total 11788]| Ratings 0| Comments 542| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 503 [Total 19034]| Ratings 0| Comments 503| Invitations 0|Offline
S
L
Points 449 [Total 1119]| Ratings 0| Comments 449| Invitations 0|Offline
S
1
L
L
Points 400 [Total 5524]| Ratings 4| Comments 360| Invitations 0|Online
S
P
C
L
P
L
1
Points 45 [Total 6102]| Ratings 1| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.