The optimality of Boiteux-Ramsey pricing
Consider an economy with one public enterprise that is subject to a budgetary constraint and charges prices according to the first order necessary conditions suggested by Boiteux (1956) or, in another context, by Ramsey (1972). We state (restrictive) conditions sufficient to ensure that the resultin...| Link(s) zu Dokument(en): | IHS Publikation |
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| Format: | Article in Academic Journal PeerReviewed |
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The Econometric Society
1991
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| Zusammenfassung: | Consider an economy with one public enterprise that is subject to a budgetary constraint and charges prices according to the first order necessary conditions suggested by Boiteux (1956) or, in another context, by Ramsey (1972). We state (restrictive) conditions sufficient to ensure that the resulting allocation is second best. (author's abstract) |
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