On the Production Efficiency of a Location-Regulated Firm

Hong Hwang and Chao-Cheng Mai

Canadian Journal of Economics, 1990, vol. 23, issue 4, 908-22

Abstract: This paper evaluates the effect of location regulation on a monopolist's output and examines the desirability of such regulation. It is shown that a location regulation can increase the output if the production functions do not exhibit constant returns to scale and that the output level could be higher than the social welfare maximum (without intervention) if demand curves are sufficiently convex to the origin.

Date: 1990
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