Welfare Consequences of Tight Price-Cap Regulation.

Welfare Consequences of Tight Price-Cap Regulation.

This paper analyses the welfare effects of price-cap regulation of a multi-product monopolist when the price index has fixed weights. A tight cap can result in welfare below the level associated with an unregulated monopoly. This does not occur if the weights are based on lagged quantities and the l...

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Bibliografiske detaljer
Hovedforfatter:	Cowan, S
Format:	Journal article
Sprog:	English
Udgivet:	1998

Lignende værker

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