منابع مشابه
The Marginal Pricing Rule in Economies with Infinitely Many Commodities
In this paper, we consider an economy with infinitely many commodities and non-convex production sets. We propose a definition of the marginal pricing rule which allows us to encompass the case of smooth and convex production sets. We also show the link with the definition used in a finite dimensional setting where the marginal pricing rule is defined by means of the Clarke’s normal cone. We pr...
متن کاملMarginal cost pricing versus insurance
The regulator of a natural monopoly that sets a two-part tariff and whose marginal cost is stochastic will generally want the price to vary less than marginal cost when the lump-sum charge in the tariff is fixed. A trade-off exists between efficient pricing and an optimal allocation of risk. Pricing at marginal cost is only optimal when the consumers marginal utility is independent of the pric...
متن کاملThe Northwest corner rule revisited
Under which conditions can one permute the rows and columns in an instance of the transportation problem, such that the Northwest corner rule solves the resulting permuted instance to optimality? And under which conditions will the Northwest corner rule find the optimal solution for every possible permutation of the instance? We show that the first question touches the area of NP-completeness, ...
متن کاملNodal market power detection under locational marginal pricing
This paper proposes an index for nodal market power detection in power market under locational marginal pricing (LMP). This index is an ex-ante technique to detect the market power. More precisely, this criterion detects the potential of exercising market power regardless of detecting the actual market power. Also it is obvious that pricing and market clearing method affect the potential of exe...
متن کاملPricing hospital care: Global budgets and marginal pricing strategies.
OBJECTIVE The Canadian province of British Columbia (BC) is adding financial incentives to increase the volume of surgeries provided by hospitals using a marginal pricing approach. The objective of this study is to calculate marginal costs of surgeries based on assumptions regarding hospitals' availability of labor and equipment. DATA This study is based on observational clinical, administrat...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2006
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-006-0160-0