Showing 1 - 10 of 13,774
Ramsey-Boiteux prices and monopoly prices are frequently regarded as being similar. This might suggest that, in particular in network in- dustries with large fixed costs, sometimes monopoly pricing is close to the Ramsey-Boiteux second best and welfare superior to imperfectly regulated prices....
Persistent link: https://www.econbiz.de/10010264764
Persistent link: https://www.econbiz.de/10011467439
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
A digressive tax such as a variable rate sales tax or a tax on price gives firms an incentive for expanding output. Thus, unlike unit and ad valorem taxes which amplify the harm from monopoly, a digressive tax lessens the harm. We analyse a tax on price with respect to efficiency and practical...
Persistent link: https://www.econbiz.de/10010311636
This paper studies the relation between Bayesian mechanism de- sign and the Ramsey-Boiteux approach to the provision and pricing of excludable public goods. For a large economy with private informa- tion about individual preferences, the two approaches are shown to be equivalent if and only if,...
Persistent link: https://www.econbiz.de/10010264799
The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring...
Persistent link: https://www.econbiz.de/10010274198
This paper takes up the debate whether price-cap regulation of airports should take the form of single-till or dual …-till regulation. The contribution is to model single- and dual-till regulation, evaluate their welfare implications, and compare them … to Ramsey prices. We show that the single-till dominates the dual-till regulation at non-congested airports with regard …
Persistent link: https://www.econbiz.de/10010300536
This paper studies the aggregate and distributional implications of introducing user fees for publicly provided excludable public goods into a model with consumption and income taxes. The setup is a neoclassical growth model where agents differ in earnings and second-best policy is chosen by a...
Persistent link: https://www.econbiz.de/10010283625
I generalize the workhorse model of network competition to include income effects in call demand. Empirical work has shown call demand to increase significantly with income. For any positive income effect, network operators prefer a termination rate above marginal cost if networks are...
Persistent link: https://www.econbiz.de/10010320390
aims at systemizing and enhancing scientific theory of network economies according to the particularities of transport …
Persistent link: https://www.econbiz.de/10014433949