On Marginal Cost Pricing with Given Tax-Subsidy Rules*
نویسنده
چکیده
We provide an existence proof for Generalized Marginal Cost Pricing with given tax-subsidy rules. The novelty is that our approach allows for economic environments where all the generalized marginal cost pricing equilibria are inefficient in the aggregate. An example is recalled in order to suggest how non-pathological these environments are. Journal of Economic Literature Classification Numbers: 021, 022, 024.
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