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...
Tác giả chính: | Cowan, S |
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Định dạng: | Journal article |
Ngôn ngữ: | English |
Được phát hành: |
1998
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