Author: Daniel F. SpulberPublisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description
Nonlinear Pricing, Advertising and Welfare
Author: Daniel F. SpulberEvaluating Welfare with Nonlinear Prices
Author: Peter Clemens ReissPublisher:
ISBN:
Category : Consumer protection
Languages : en
Pages : 28
Book Description
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer programs in the public sector. We extend prior methods to accommodate a broad range of modern pricing practices, including menus of pricing plans. This analysis yields a simpler and more general technique for evaluating exact consumer surplus changes in settings where consumers face nonlinear prices. We illustrate our method using recent changes in mobile phone service plans.
Nonlinear Pricing and the Selection of Welfare Weights
Author: Nonlinear Pricing
Author: Robert B. WilsonPublisher: Oxford University Press, USA
ISBN: 9780195115826
Category : Business & Economics
Languages : en
Pages : 446
Book Description
What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional to the quantity purchased. The Electric Power Research Institute has commissioned Robert Wilson to review the various facets of nonlinear pricing. The work starts with a general non-mathematical discussion, followed by a more technical presentation intended for readers with a fairly advanced background. Thorough and detailed, this study has ample examples of case studies from a variety of industries.
Regulation and Markets
Author: Daniel F. SpulberPublisher: MIT Press
ISBN: 9780262192750
Category : Business & Economics
Languages : en
Pages : 720
Book Description
Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety. The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.
Nonlinear Pricing in Yellow Pages
Author: Yao HuangWelfare Gains from Advertising
Author: Dean Amory WorcesterPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 156
Book Description
Lectures on public economics
Author: Anthony Barnes AtkinsonPublisher:
ISBN:
Category : Ekonomi
Languages : en
Pages :
Book Description
The Theory of the Firm
Author: Daniel F. SpulberPublisher: Cambridge University Press
ISBN: 0521517389
Category : Business & Economics
Languages : en
Pages : 542
Book Description
The Theory of the Firm presents an innovative general analysis of the economics of the firm.
The Welfare Performance of Sequential Pricing Mechanisms
Author: Eugenio J. MiravetePublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Consumers are commonly required to subscribe to particular tariff options before uncertainty regarding their future purchases gets resolved. Since the general comparison of welfare performance of different pricing mechanisms is ambiguous, this article empirically evaluates the expected welfare associated with standard nonlinear pricing and optional tariffs by using information directly linked to the type of individual consumers. Results show that tariffs composed of nonlinear options do not necessarily outperform simpler pricing strategies in terms of expected profits. Furthermore, evidence suggests that a menu of optional two-part tariffs dominates any other pricing strategy from an expected welfare perspective.