Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29551 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorGrimm, Veronikaen
dc.contributor.authorZoettl, Gregoren
dc.date.accessioned2009-11-09-
dc.date.accessioned2010-01-13T14:01:55Z-
dc.date.available2010-01-13T14:01:55Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/29551-
dc.description.abstractWe analyze the effect of price caps on equilibrium production and welfare in oligopoly under demand uncertainty. We find that high price caps always increase production and welfare as compared to the situation without price cap. Price caps close to marginal cost may lead to zero production, depending on the nature of uncertainty. We characterize the optimal price cap and show that typically, the optimal price cap is bounded away from marginal cost.en
dc.language.isoengen
dc.publisher|aFriedrich-Alexander-Universität Erlangen-Nürnberg, Institut für Wirtschaftspolitik und Quantitative Wirtschaftsforschung (IWQW) |cNürnbergen
dc.relation.ispartofseries|aIWQW Discussion Papers |x02/2008en
dc.subject.jelD43en
dc.subject.jelL13en
dc.subject.jelD41en
dc.subject.jelD42en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordDemand uncertaintyen
dc.subject.keywordCournot competitionen
dc.subject.keywordprice capsen
dc.subject.stwAnreizregulierungen
dc.subject.stwProduktionen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwNachfrageen
dc.subject.stwOligopolen
dc.subject.stwNash-Gleichgewichten
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.titleProduction under uncertainty: a characterization of welfare enhancing and optimal price caps-
dc.type|aWorking Paperen
dc.identifier.ppn612461998en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:iwqwdp:022008en

Files in This Item:
File
Size
366.48 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.