This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Two Proposals to Improve Price-Cap Regulation

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Robert D. Cairns
Anthony G. Heyes

Additional information is available for the following registered author(s):

Abstract

Under price-cap regulation, economic gains can be unlocked by permitting "trades" which do not make consumers worse off. We propose a simple method for "refereeing" such trades, based on compensating variation and utilizing Fisher's ideal price index. It is theoretically preferred to the Laspeyres indices used in price-cap regulation, but requires a small amount more effort. The method can be extended, in a natural way, by computing one or both of two adjustments for nonhomotheticity of preferences and for welfare or political weights. These considerations are important in reality, but either extension would require considerably more effort.

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 160 (2004)
Issue (Month): 2 (June)
Pages: 243-
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200406)160:2_243:tptipr_2.0.tx_2-x

Contact details of provider:
Web page: http://www.mohr.de/jite

Order Information:
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Email:

For technical questions regarding this item, or to correct its listing, contact: (Thomas Wolpert).

Related research
Keywords:

Find related papers by JEL classification:
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

Statistics
Access and download statistics

Did you know? All the bibliographic data shown here has been contributed by volunteers, thereby helping to keep this service free.

This page was last updated on 2009-11-3.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.