An alternative way of determining the range of Averch and Johnson's Lagrange multiplier: a note

Jörg Borrmann and Jorg Finsinger

Applied Economics Letters, 2006, vol. 13, issue 5, 269-271

Abstract: In this note, an alternative method is developed for determining the range of values assumed by the Lagrange multiplier of Averch and Johnson's constrained maximization problem. By assuming that the regulated firm's profit function is single-peaked, the approach is rather general.

Date: 2006
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DOI: 10.1080/13504850500393907

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