Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/61392

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dc.contributor.authorBisceglia, Michelepor
dc.contributor.authorCellini, Robertopor
dc.contributor.authorSiciliani, Luigipor
dc.contributor.authorStraume, Odd Runepor
dc.date.accessioned2019-09-11T08:23:22Z-
dc.date.available2019-09-11T08:23:22Z-
dc.date.issued2019-08-
dc.identifier.urihttp://hdl.handle.net/1822/61392-
dc.description.abstractWe consider a model of optimal price regulation in markets where demand is sluggish and asymmetric providers compete on quality. Using a spatial model, which is suitable to investigate the health care and education sector, we investigate within a dynamic set-up the scope for price premiums or penalties on volume. We show that the socially optimal time path of quality provision off the steady state can be replicated by a simple dynamic pricing rule where the dynamic part of the rule is ex-ante non-discriminatory in the sense that the price premium or penalty on volume is common across providers, despite their differing production costs. Whether the price schedule involves a penalty or a premium on volume relates to two concerns regarding production costs and consumer benefits, which go in opposite directions. Price adjustments over time occur only through the price penalty or premium, not time directly, which highlights the simplicity and thus applicability of this regulation scheme.por
dc.description.sponsorshipFundação para a Ciência e Tecnologia (FCT)por
dc.language.isoengpor
dc.publisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)por
dc.rightsopenAccesspor
dc.subjectPrice regulationpor
dc.subjectQualitypor
dc.subjectDifferential gamespor
dc.titleOptimal dynamic volume-based price regulationpor
dc.typeworkingPaperpor
dc.peerreviewednopor
dc.relation.publisherversionhttps://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspxpor
oaire.citationIssueNIPE WP 6/2019por
oaire.citationConferencePlaceBraga, Portugalpor
dc.subject.fosCiências Sociais::Economia e Gestãopor
sdum.journalNIPE Working Paperpor
Appears in Collections:NIPE - Documentos de Trabalho

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