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A note on economic policy under uncertainty

✍ Scribed by W.T Ziemba


Book ID
113201356
Publisher
Elsevier Science
Year
1971
Tongue
English
Weight
244 KB
Volume
5
Category
Article
ISSN
0038-0121

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In his classic article, Walter Oi (Oi, Q. J. Econ. 2005; 85: 77-96) analyzed the optimal structure of a two-part tariff. He showed that identical consumer demands result in user fees equal to marginal cost and a lump-sum entry fee equal to the consumer surplus that marginal cost pricing generates. T