A Dynamic Analysis of Second-Best Pricing

Ronald R. Braeutigam

Chapter 6 in Public Sector Economics, 1983, pp 103-116 from Palgrave Macmillan

Abstract: Abstract The theory of second best for multiproduct firms has received much attention in the literature of economics over the past twenty-five years. Both regulators and economists have recognized that departures from marginal cost pricing will be necessary when there are economies of scale if the firm is to break even in the absence of nonlinear pricing schemes and direct subsidies to the firm.

Keywords: Adjustment Cost; Optimal Price; Price Rule; Marginal Cost Price; Dynamic World (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06504-2_6

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