This paper addresses the welfare consequences of applying the Ramsey rule when the regulated firm is not a monopolist in all of its markets. The partially regulated optimum and the outcome of myopic regulation, the =Short-Sighted Ramsey Equilibrium" (SSRE), are examined in a differentiated duopoly m
โฆ LIBER โฆ
Ramsey Pricing and Environmental Regulation
โ Scribed by Udo Ebert
- Book ID
- 108526942
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 47 KB
- Volume
- 50
- Category
- Article
- ISSN
- 0307-3378
No coin nor oath required. For personal study only.
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he electric utility industry has embarked on T the long and arduous journey of transforming itself from a collection of regulated monopolies to a market of freely competing generators. At the same time, the federal government is redrawing the road map. It is issuing a new round of EPA air quality re