Daniel Andrei
Institution
McGill
PhD Year
2012
Phone
(514) 398-5365
daniel.andrei@mcgill.ca
FTG Membership
Member
Website
http://danielandrei.info
Featured Work
May 12, 2025
The Quiet Hand of Regulation: Harnessing Uncertainty and Disagreement
Regulating externalities is a major challenge when economic agents face uncertainty and disagreement. Traditional Pigouvian and Coasean approaches often struggle because they require either precise knowledge of externality costs or frictionless bargaining. We propose an "uncertainty-based regulation" (UBR) mechanism that leverages both uncertainty and firms' heterogeneous information to achieve socially efficient outcomes without requiring disclosure of private information. UBR adjusts firms' payoffs by adding a...
