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Regulation, Competition, and the Structure of Prices.

Abstract:

Many competition policy issues in regulated industries concern the structure of prices charged by multiproduct firms--for example price discrimination, non-linear pricing, cross-subsidies, and network access pricing. This article first sets out the (Ramsey) principles of optimal pricing to recover fixed costs. The sometimes conflicting aims of promoting competition and pursuing social objectives are brought into the analysis. Questions of whether to allow pricing structure discretion to the f...

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Journal:
Oxford Review of Economic Policy
Volume:
13
Publication date:
1997-01-01
URN:
uuid:61027d73-305c-445f-8882-3d2f97ad60de
Local pid:
oai:economics.ouls.ox.ac.uk:11337
Language:
English

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