| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4930 |
| DP4930 Asset Pricing Implications of Pareto Optimality with Private Information | |
| Luigi Pistaferri; Narayana Kocherlakota | |
| 发表日期 | 2005-02-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants for authors and publishers, a lower value-added tax, public libraries and education in order to stimulate the diversity of books on offer, increase the density of retail outlets and to promote reading. An overview of the different ways by which countries differ in terms of market structures and government policies is given. Particular attention is paid to retail price maintenance. Due to differences between European countries it is not a good idea to harmonise European book policies. Our analysis suggests that the book market seems quite able to invent solutions to specific problems of the book trade and that, apart from promoting reading, there is little need for government intervention. |
| 主题 | Industrial Organization |
| 关键词 | Books Publishers Authors Diversity Monopolistic competition Retail price maintenance Subsidies Libraries Internet |
| URL | https://cepr.org/publications/dp4930 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533831 |
| 推荐引用方式 GB/T 7714 | Luigi Pistaferri,Narayana Kocherlakota. DP4930 Asset Pricing Implications of Pareto Optimality with Private Information. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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