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This paper addresses the question of how the price system can be used to deal with the issue of distributional equity in the Internet. Feldstein's distributional charateristic method and the safety net approach are considered and compared with first best solutions. The conclusion drawn is that...
Persistent link: https://www.econbiz.de/10005434988
We extend Bresnahan and Reiss’s (1991) model of local oligopoly to allow firm entry and exit over time. In our framework, entrants have to incur sunk costs in order to enter a market. After becoming incumbents, they disregard these entry costs in deciding whether to continue operating or to...
Persistent link: https://www.econbiz.de/10005437569
contract and can thus be priced accordingly. A CDS-based model is proposed here for pricing these instruments. The model …
Persistent link: https://www.econbiz.de/10005438535
price determination while, at the same time, (2) full-cost pricing is most commonly accepted pricing policy of construction … microeconomic theory provides a useful means of analysis, it offers little for the practice of pricing, which is much more closely …
Persistent link: https://www.econbiz.de/10005438560
The residential UK electricity market was opened for the first time in 1999, introducing choice of supplier, and about 40% of households changed supplier in the first four years. After three years price caps were removed. We review this process and assess the competitiveness of the market by...
Persistent link: https://www.econbiz.de/10005561441
important subgroup is convertibles linked to a price index or exchange rate. In this paper we extend the convertible pricing … establish upper and lower bounds for the price of the indexed convertible. We approximate the pricing equations by using …, we demonstrate the usefulnes and the limitations of the pricing model by using convertible traded on the Tel- Aviv stock …
Persistent link: https://www.econbiz.de/10005561658
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
(demographic growth). The results show that marginal cost water pricing (with a subsidy ensuring the survival of the water …, the current policy of average cost pricing of water leads the long-term economy in a recession with an agricultural … cost) on which block water pricing is based in Senegal. …
Persistent link: https://www.econbiz.de/10005570250
since 2000 and summarises their findings on the welfare and pricing implications of opening the postal market to competition …
Persistent link: https://www.econbiz.de/10011189077
channel. This work studies the pricing and assortment decisions in such a supply chain in the presence of inventory costs. In … manufacturer and the retailer. This model produces several insights into the optimal pricing strategies of the manufacturer. For …
Persistent link: https://www.econbiz.de/10011190770