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This article explores the provision of a price-excludable public good under conditions of monopoly, in which the monopolist sets a uniform all-or-none price-output package to all consumers. The reasons for interest in this particular monopoly model are twofold First, many public goods are...
Persistent link: https://www.econbiz.de/10010687269
Harold Hochman and James Rodgers' response to our reconsideration of their discussion of Paretian redistribution indicates that their model and ours are quite distinct. However, the differences emerge from a number of assumptions that had not been explicitly raised in their earlier discussions...
Persistent link: https://www.econbiz.de/10010781730