Nonlinear Pricing and Price Cap Regulation.
This paper analyzes profit-maximizing nonlinear pricing by a firm that is subject to price cap regulation. Two forms of regulatory constraint are considered: (1) a cap on the firm's average revenue, and (2) a constraint that the firm must continue to offer each consumer the option of buying at...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Elsevier
1995
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