| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6622 |
| 来源ID | Working Paper 6622 |
| Setting the X Factor in Price Cap Regulation Plans | |
| Jeffrey I. Bernstein; David E. M. Sappington | |
| 发表日期 | 1998-06-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | Despite the popularity of price cap regulation in practice, the economic literature provides relatively little guidance on how to determine the X factor, which is the rate at which inflation -adjusted output prices must fall under price cap plans. We review the standard principles that inform the choice of the X factor, and then consider important extensions. We analyze appropriate modifications of the X factor: (1) when only a subset of the firm's products are subject to price cap regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated firm affect the economy-wide inflation rate; and (3) in the presence of structural changes in the industry, such as a strengthening of competitive forces. |
| 主题 | Industrial Organization ; Regulatory Economics ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w6622 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564133 |
| 推荐引用方式 GB/T 7714 | Jeffrey I. Bernstein,David E. M. Sappington. Setting the X Factor in Price Cap Regulation Plans. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6622.pdf（908KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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