G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12907
DP12907 How Hard Is It to Maximise Profit? Evidence from a 19-th Century Italian State Monopoly
Carlo Ciccarelli; Gianni De Fraja
发表日期2018-05-02
出版年2018
语种英语
摘要In this paper we study the ability of the 19-th century Italian government to choose profit maximising prices for a multiproduct monopolist. We use very detailed historical data on the tobacco consumption in 62 Italian provinces from 1871 to 1888 to estimate a differentiated product demand system. The demand conditions and the legal environment of the period made this market as close to a textbook monopoly as is practically possible. The government's stated aim for this industry was profit maximisation: since at the time tobacco revenues constituted between 10 and 15 percent of the revenues for the cash-strapped government, the stated aim was very likely the true one. Cost data for the nine products suggest that the government was not wide off the mark: the tobacco prices were ``not far'' from those dictated by the standard monopoly formulae for profit maximisation with interdependent demand functions.
主题Economic History ; Industrial Organization
关键词Demand for tobacco Multiproduct monopoly profit maximisation 19-th century italy Qai demand system Habit formation
URLhttps://cepr.org/publications/dp12907
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/541718
推荐引用方式
GB/T 7714
Carlo Ciccarelli,Gianni De Fraja. DP12907 How Hard Is It to Maximise Profit? Evidence from a 19-th Century Italian State Monopoly. 2018.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Carlo Ciccarelli]的文章
[Gianni De Fraja]的文章
百度学术
百度学术中相似的文章
[Carlo Ciccarelli]的文章
[Gianni De Fraja]的文章
必应学术
必应学术中相似的文章
[Carlo Ciccarelli]的文章
[Gianni De Fraja]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。