Direct welfare analysis of relative price regulation

نویسنده

  • John Vickers
چکیده

The paper synthesizes and develops the welfare analysis of regulating relative prices, for example price differences, of which banning price discrimination is a special case. Welfare results are derived directly by convexity arguments using functions of welfare levels. The method is also used to obtain results about effects on consumer surplus.

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تاریخ انتشار 2017