Steinrücken, Torsten; Jaenichen, Sebastian - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 3, pp. 188-201
and has announced plans to intensify such regulation in the near future. Using a simple model we examine the welfare … increases welfare only on a small scale. Due to the fact that a price regulation limits the free choice of both marketing … the market. Our model shows that price regulation may fail to enhance welfare if the enterprise advertises its products …