Chen, Chun-Hung; Liu, Ting-Kun - In: Economics Bulletin 12 (2008) 37, pp. 1-8
Kang, Weisman, and Zhang (2000) demonstrated that, under a tighter price cap, consumer welfare increases with the independence of demands. Conversely, the tighter price cap may negatively impact consumer welfare in situations involving interdependent demands. This paper identifies an overlooked...