Excludable public goods: Pricing and social welfare maximization
Yi Lu () and
Zhigang Tao ()
Economics Letters, 2009, vol. 103, issue 2, 72-74
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:103:y:2009:i:2:p:72-74
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