Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/29551
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Grimm, Veronika | en |
dc.contributor.author | Zoettl, Gregor | en |
dc.date.accessioned | 2009-11-09 | - |
dc.date.accessioned | 2010-01-13T14:01:55Z | - |
dc.date.available | 2010-01-13T14:01:55Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/29551 | - |
dc.description.abstract | We 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.iso | eng | en |
dc.publisher | |aFriedrich-Alexander-Universität Erlangen-Nürnberg, Institut für Wirtschaftspolitik und Quantitative Wirtschaftsforschung (IWQW) |cNürnberg | en |
dc.relation.ispartofseries | |aIWQW Discussion Papers |x02/2008 | en |
dc.subject.jel | D43 | en |
dc.subject.jel | L13 | en |
dc.subject.jel | D41 | en |
dc.subject.jel | D42 | en |
dc.subject.jel | D81 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Demand uncertainty | en |
dc.subject.keyword | Cournot competition | en |
dc.subject.keyword | price caps | en |
dc.subject.stw | Anreizregulierung | en |
dc.subject.stw | Produktion | en |
dc.subject.stw | Entscheidung bei Unsicherheit | en |
dc.subject.stw | Nachfrage | en |
dc.subject.stw | Oligopol | en |
dc.subject.stw | Nash-Gleichgewicht | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Theorie | en |
dc.title | Production under uncertainty: a characterization of welfare enhancing and optimal price caps | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 612461998 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:iwqwdp:022008 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.