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Price Regulation in Oligopolistic Markets
Joint Authors
Source
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-12-24
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
We consider price regulation in oligopolistic markets when firms are quantity setters.
We consider a market for a homogeneous good with a demand function of special form (ρ-linearity), constant returns to scale, and identical firms.
Marginal costs can take two values only: low or high.
Values of all parameters except the marginal costs are known to the regulator.
Assuming that the regulator is risk-neutral and maximizes expected social welfare (defined as the sum of consumer surplus and profits), we characterize the optimal policy and show how this policy depends on the basic parameters of demand and costs.
American Psychological Association (APA)
Corchón, Luis C.& Marcos, Félix. 2012. Price Regulation in Oligopolistic Markets. ISRN Economics،Vol. 2012, no. 2012, pp.1-10.
https://search.emarefa.net/detail/BIM-477288
Modern Language Association (MLA)
Corchón, Luis C.& Marcos, Félix. Price Regulation in Oligopolistic Markets. ISRN Economics No. 2012 (2012), pp.1-10.
https://search.emarefa.net/detail/BIM-477288
American Medical Association (AMA)
Corchón, Luis C.& Marcos, Félix. Price Regulation in Oligopolistic Markets. ISRN Economics. 2012. Vol. 2012, no. 2012, pp.1-10.
https://search.emarefa.net/detail/BIM-477288
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-477288