Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: define incentive and explain the government's incentive for this regulation.
A: 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.
26,826,460 questions answered
Popular Conversations
What does throttle mean?
4/16/2018 10:25:30 AM| 5 Answers
How many amino acids are there? A. Three B. Seven C. ...
Weegy: Amino acids are organic compounds that combine to form proteins.
4/20/2018 7:55:39 AM| 3 Answers
Solve 7(x - 3) = -70.
Weegy: Step 1. 5x-10-3x+12=10 Step 2. 2x+2=10 Step 3. 2x=8 ...
4/20/2018 11:45:54 AM| 3 Answers
Ancient cyanobacteria released ______, which assisted in creating the ...
Weegy: Cyanobacteria, is a phylum of bacteria that obtain their energy through photosynthesis. User: The epoch in ...
4/16/2018 10:31:53 AM| 3 Answers
What is the double jeopardy principle
Weegy: Principle is a law or rule that has to be, or usually is to be followed, or can be desirably followed, or is an ...
4/19/2018 6:55:12 PM| 3 Answers
Binary star
Weegy: Binary means composed of two pieces or two parts. User: Constellations
4/24/2018 12:12:08 PM| 2 Answers
What’s 307,495 rounded to the nearest thousand
Weegy: 307,495 rounded to the nearest thousand is 307,000. User: Which of the following statements about the number ...
4/20/2018 6:40:52 PM| 2 Answers
Find the next term for sequence 9, 6, 4
4/20/2018 9:05:24 PM| 2 Answers
S
P
L
P
P
P
P
Points 246 [Total 672] Ratings 0 Comments 246 Invitations 0 Offline
S
R
L
R
Points 233 [Total 371] Ratings 0 Comments 33 Invitations 20 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
Points 221 [Total 13024] Ratings 0 Comments 211 Invitations 1 Offline
S
L
Points 97 [Total 97] Ratings 1 Comments 57 Invitations 3 Offline
S
Points 71 [Total 71] Ratings 0 Comments 21 Invitations 5 Offline
S
Points 50 [Total 50] Ratings 0 Comments 0 Invitations 5 Offline
S
P
L
Points 35 [Total 126] Ratings 0 Comments 35 Invitations 0 Offline
S
Points 30 [Total 35] Ratings 3 Comments 0 Invitations 0 Offline
S
P
Points 25 [Total 69] Ratings 0 Comments 25 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 1 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.