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Excludable public goods: Pricing and social welfare maximization

Chong-En Bai, Yi Lu () and Zhigang Tao ()

Economics Letters, 2009, vol. 103, issue 2, 72-74

Abstract: We compare two pricing strategies -- buffet pricing and usage pricing -- of excludable public goods for social welfare maximization. Buffet pricing is better than usage pricing for low consumer heterogeneity, while the opposite holds for high consumer heterogeneity.

Keywords: Excludable; public; goods; Per-unit; usage; pricing; Buffet; pricing; Social; welfare; maximization (search for similar items in EconPapers)
Date: 2009
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