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dc.contributor.authorGrimm, Veronikaen_US
dc.contributor.authorZoettl, Gregoren_US
dc.date.accessioned2009-11-09en_US
dc.date.accessioned2010-01-13T14:01:55Z-
dc.date.available2010-01-13T14:01:55Z-
dc.date.issued2008en_US
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_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Wirtschaftspolitik und Quantitative Wirtschaftsforschung Erlangenen_US
dc.relation.ispartofseriesIWQW discussion paper series 02/2008en_US
dc.subject.jelD43en_US
dc.subject.jelL13en_US
dc.subject.jelD41en_US
dc.subject.jelD42en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordDemand uncertaintyen_US
dc.subject.keywordCournot competitionen_US
dc.subject.keywordprice capsen_US
dc.subject.stwAnreizregulierungen_US
dc.subject.stwProduktionen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwNachfrageen_US
dc.subject.stwOligopolen_US
dc.subject.stwNash-Gleichgewichten_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleProduction under uncertainty: a characterization of welfare enhancing and optimal price capsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn612461998en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:iwqwdp:022008-
Appears in Collections:IWQW Discussion Paper Series, FAU Erlangen-Nürnberg

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