| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4576
|
| DP4576 Interregional Redistribution and Mobility in Federations: A Positive Approach |
| Anke Kessler; Nico Hansen
|
| 发表日期 | 2004-08-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | Vogelsang and Finsinger?s seminal paper (Bell Journal of Economics, 1979) proposes a mechanism for price regulation with some desirable properties, such as convergence to a second best optimum. This mechanism applies to situations where quality is fixed: in practice, quality can be varied by the firm, and regulators have typically imposed constraints on the firm?s quality choice. This Paper lays a rigorous theoretical foundation to the inclusion of quality measures in the constraints faced by a regulated firm. We identify a potential pitfall in the approach taken in practice by regulators, and show that, in order to avoid it, the regulated firm should be subject to an additional constraint, which, loosely speaking, requires firms? choices not to be too erratic. |
| 主题 | Industrial Organization
|
| 关键词 | Regulation
Quality
Price cap
Rpi-x
|
| URL | https://cepr.org/publications/dp4576
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533493
|
推荐引用方式
GB/T 7714 |
Anke Kessler,Nico Hansen. DP4576 Interregional Redistribution and Mobility in Federations: A Positive Approach. 2004.
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