Nonlinear Pricing in General Equilibrium Models with Joint Production

Kazuya Kamiya

The Japanese Economic Review, 2001, vol. 52, issue 1, 21-34

Abstract: This paper considers general equilibrium models of public utilities which produce either public goods or private goods. In the models, cases of increasing returns are not a priori excluded. The products of the public utilities and their costs are allocated to the consumers according to a rule that is dependent on information communicated to the public utilities. We show that if the public utilities follow a nonlinear pricing rule, the equilibrium allocations are always Pareto‐optimal. Moreover, the message space is of finite dimensions. JEL Classification Numbers: D51, D60, H41, H42.

Date: 2001
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