Two Essays on Non-linear Pricing and Equity with an Application To0the Control of a Natural Monopoly PDF Download
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 142
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 142
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Book Description
Author: Sanford V. Berg
Publisher: Cambridge University Press
ISBN: 9780521338936
Category : Business & Economics
Languages : en
Pages : 580
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Book Description
Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing policies that are based on theoretical and empirical analyses. This book develops a comprehensive framework for analyzing natural monopoly. The authors first present a historical overview of regulatory economics, followed by analyses of optimal pricing and investment for single- and multiproduct natural monopolies. Topics covered include cost and demand structures, efficiency impacts of linear and multipart pricing, peak-load pricing, capacity determination, and the sustainability of natural monopolies. After a survey and analysis of natural monopoly regulation in practice, the links between technological change and regulation are identified. The book concludes with a discussion of the alternatives to traditional regulation, including public ownership, franchise schemes, quality regulation, and new incentive systems. Throughout the book, issues from the telecommunications and energy industries are used to illustrate key points. Its integrated framework will make it useful to academic economists, regulatory analysts, business researchers, and advanced students of public utility economics.
Author: Babu Nahata
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This pedagogical note explains how the same basic principle can be applied to explain the profit-maximizing behavior of a monopolist under both linear and nonlinear pricing by introducing an average price function. It is shown that optimal conditions under nonlinear pricing are similar to that of linear pricing. These conditions can be explained through a simple graphical exposition. The optimal conditions under monopolistic linear and nonlinear price discriminations are also similar.
Author: Klaus-Günter Becker
Publisher:
ISBN:
Category :
Languages : en
Pages : 192
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Book Description
Author: Julio J. Rotemberg
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 22
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Book Description
Abstract: produced the same tange of products as the duopoly.
Author: Kaushik Basu
Publisher:
ISBN:
Category : Monopolies
Languages : en
Pages : 14
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Book Description
Author: Alfons J. Weichenrieder
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper considers the efficiency of a contestable natural monopoly if consumers are heterogeneous and the monopolist can differentiate prices imperfectly. The paper shows that a no-distortion-at-the-top result, which is standard in models with restricted entry, may also appear in a contestable market. Depending on cost and demand structures, first best efficiency can also be a sustainable equilibrium. However, due to the existence of a continuum of equilibria, first best efficiency is not guaranteed. Most notably, even a stable distortion-at-the-top result is possible.
Author: Naresh C. Mallick
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
A natural monopoly can meet the market demand alone cheaply than several firms together can. A natural monopoly enjoys the economies of scale of production, marginal cost decreases at least in the range of market demand for its product. Assuming a decreasing linear marginal cost function, this paper derives all the competitive, regulatory, and monopoly equilibrium formulae of a natural monopoly model using the price gap and adjustment weights. If also offers welfare analysis and all possible comparisons. It also derives a formula for the minimum compensation that should be made to the natural monopoly to offer the competitive output. Any results of this paper can be applied independently.
Author: Philip Burns
Publisher:
ISBN: 9780852997505
Category : Price regulation
Languages : en
Pages : 30
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Book Description
Author: Nolan McCarty
Publisher: Cambridge University Press
ISBN: 9781107438637
Category : Political Science
Languages : en
Pages : 0
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Book Description
Political Game Theory is a self-contained introduction to game theory and its applications to political science. The book presents choice theory, social choice theory, static and dynamic games of complete information, static and dynamic games of incomplete information, repeated games, bargaining theory, mechanism design and a mathematical appendix covering, logic, real analysis, calculus and probability theory. The methods employed have many applications in various disciplines including comparative politics, international relations and American politics. Political Game Theory is tailored to students without extensive backgrounds in mathematics, and traditional economics, however there are also many special sections that present technical material that will appeal to more advanced students. A large number of exercises are also provided to practice the skills and techniques discussed.
