AVERAGE REVENUE REGULATION AND REGIONAL PRICE STRUCTURE

被引:9
作者
BRADLEY, I
PRICE, C
机构
[1] University of Leicester, Leceister
关键词
D O I
10.1016/0166-0462(91)90055-R
中图分类号
F [经济];
学科分类号
02 ;
摘要
Some newly privatised industries in the U.K. are subject to a constraint on an average revenue yield. This paper analyses the likely effect of such a constraint on the regional pattern of the industry's prices and output, and the implications for economic efficiency, extending this analysis to other aspects of price structure. It shows that such a constraint gives the industry incentives to charge economically inefficient prices and to restrict the area which is supplied. The paper discusses why such a constraint may have been imposed and concludes with an account of U.K. industries subject to such regulation. © 1991.
引用
收藏
页码:89 / 108
页数:20
相关论文
共 14 条
  • [1] BISHOP M, 1988, DOES PRIVATISATION W
  • [2] THE ECONOMIC-REGULATION OF PRIVATE INDUSTRIES BY PRICE CONSTRAINTS
    BRADLEY, I
    PRICE, C
    [J]. JOURNAL OF INDUSTRIAL ECONOMICS, 1988, 37 (01) : 99 - 106
  • [3] BRADLEY I, 1988, 72 U LEIC DISC PAP
  • [4] *EN COMM, 1986, HCP 971
  • [5] Millward R., 1982, MIXED EC
  • [6] *MON MERG COMM, 1987, MANCH AIRP PLC CAA
  • [7] *MON MERG COMM, 1988, CM500
  • [8] *OFF TEL, 1986, REV BRIT TEL TAR CHA
  • [9] *OFF TEL, 1988, REG BRIT TEL PRIC
  • [10] PRYKE R, 1981, NATIONALISED IND