Existence of Sustainable Prices for Natural Monopoly Outputs
AbstractThis paper discusses optimal pricing for a natural monopoly firm when one or more of its markets are open to entry by rival firms. It is argued that optimal prices must be chosen from the set of sustainable prices. Sufficient conditions for sustainable prices to exist are then discussed. Finally some rules are presented for choosing a particular price vector from the set of sustainable prices.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by The RAND Corporation in its journal Bell Journal of Economics.
Volume (Year): 12 (1981)
Issue (Month): 1 (Spring)
Contact details of provider:
Web page: http://www.rje.org
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.