Do consumers benefit from tighter price cap regulation ?

نویسندگان

  • Jaesung Kang
  • Dennis L. Weisman
  • Mingyuan Zhang
چکیده

This paper examines whether consumers necessarily benefit from tightening the price cap. We find that a tighter price cap always increases consumer welfare when demands are independent. Conversely, when demands are interdependent a tighter price cap may reduce consumer welfare.  2000 Elsevier Science S.A. All rights reserved.

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تاریخ انتشار 2000