Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/61392
Título: | Optimal dynamic volume-based price regulation |
Autor(es): | Bisceglia, Michele Cellini, Roberto Siciliani, Luigi Straume, Odd Rune |
Palavras-chave: | Price regulation Quality Differential games |
Data: | Ago-2019 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | We 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. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/61392 |
Versão da editora: | https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
NIPE_WP_6_2019.pdf | Optimal dynamic volume-based price regulation | 941,02 kB | Adobe PDF | Ver/Abrir |