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Regulation, competition, and the structure of prices

โœ Scribed by Vickers, J

Book ID
121842158
Publisher
Oxford University Press
Year
1997
Tongue
English
Weight
77 KB
Volume
13
Category
Article
ISSN
0266-903X

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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