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...
| 主要作者: | |
|---|---|
| 格式: | Journal article |
| 语言: | English |
| 出版: |
1998
|