Pricing and Price Regulation is popular PDF and ePub book, written by D. Bös in 2015-12-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Pricing and Price Regulation can be Read Online from any device for your convenience.
Pricing and Price Regulation Book PDF Summary
This clear, precisely written text presents an important branch of the modern, micro-economically based theory of industrial organization and of public finance, utilizing calculus only. Answers are provided to some pertinent economic questions, such as the pricing policies of vote-seeking politicians, of empire-building bureaucrats and of out-put-maximizing and energy-saving public utilities. These policies are compared with the welfare economic benchmark rules e.g. on marginal cost pricing and Ramsey pricing. Great significance is attached to price regulation. The book elucidates the recent replacement of rate of return regulation by price-cap regulation. It also explains why many simple rules like yardstick regulation fail to achieve optimal prices, which shows how complicated it is to induce managers to truthfully reveal their private information. How this can be achieved properly is shown in various principal-agent models on regulation with uncertain costs, uncertain demand and with soft budget constraints.
Detail Book of Pricing and Price Regulation PDF
- Author : D. Bös
- Release : 04 December 2015
- Publisher : Elsevier
- ISBN : 9780080514703
- Genre : Business & Economics
- Total Page : 472 pages
- Language : English
- PDF File Size : 19,7 Mb
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