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Quality Variation When Prices Are Regulated

Author

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  • Lawrence J. White

Abstract

Quality has been a neglected area of public utility regulation analysis. Many authors are uneasy about the quality levels that result from regulation but they frequently can only conclude that "it is uncertain whether consumers found this quality to be worth the price they paid."

Suggested Citation

  • Lawrence J. White, 1972. "Quality Variation When Prices Are Regulated," Bell Journal of Economics, The RAND Corporation, vol. 3(2), pages 425-436, Autumn.
    • Handle: RePEc:rje:bellje:v:3:y:1972:i:autumn:p:425-436
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    Citations

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    Cited by:

    1. Martin Gaynor & Rodrigo Moreno-Serra & Carol Propper, 2013. "Death by Market Power: Reform, Competition, and Patient Outcomes in the National Health Service," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 134-166, November.
    2. Frech, H E, III & Ginsburg, Paul B, 1975. "Imposed Health Insurance in Monopolistic Markets: A Theoretical Analysis," Economic Inquiry, Western Economic Association International, vol. 13(1), pages 55-70, March.
    3. Richard G. Frank & David S. Salkever, 1988. "Altruism, Rivalry and Crowding-Out in the Nonprofit Firm's Supply of Charity Services: The Case of Hospitals," NBER Working Papers 2753, National Bureau of Economic Research, Inc.
    4. Zheng, Xuemei & Menezes, Flavio & Nepal, Rabindra, 2021. "In between the state and the market: An empirical assessment of the early achievements of China's 2015 electricity reform," Energy Economics, Elsevier, vol. 93(C).
    5. Söderberg, Magnus, 2008. "A choice modelling analysis on the similarity between distribution utilities' and industrial customers' price and quality preferences," Energy Economics, Elsevier, vol. 30(3), pages 1246-1262, May.
    6. Martin Gaynor, 1986. "Internal Non-Price Competition, Pricing, and Incentive Systems in the Cooperative Service Firm: The Case of US Medical Group Practice," NBER Working Papers 1866, National Bureau of Economic Research, Inc.
    7. Pustay, Michael W., 1991. "Six Myths of the Contemporary Airline Industry," Transportation Research Forum Proceedings 1990s 319098, Transportation Research Forum.
    8. Paul J. Gertler & Donald M. Waldman, 1990. "Quality Adjusted Cost Functions," NBER Working Papers 3567, National Bureau of Economic Research, Inc.
    9. Martin B. Hackmann, 2019. "Incentivizing Better Quality of Care: The Role of Medicaid and Competition in the Nursing Home Industry," American Economic Review, American Economic Association, vol. 109(5), pages 1684-1716, May.
    10. Lawrence J. White, 1990. "Problems Of The Fslic: A Former Policy Maker'S View," Contemporary Economic Policy, Western Economic Association International, vol. 8(2), pages 62-81, April.
    11. David P. Baron, 1978. "Price Regulation, Quality, and Asymmetric Information," Discussion Papers 359, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    12. Gundelfinger, Javier & Coto-Millán, Pablo, 2020. "Price and demand behaviors in the Scandinavian airline industry following market liberalization," Utilities Policy, Elsevier, vol. 64(C).
    13. Victor Manuel Bennett & Lamar Pierce & Jason A. Snyder & Michael W. Toffel, 2012. "Competition and Illicit Quality," Harvard Business School Working Papers 12-071, Harvard Business School, revised May 2012.
    14. David Meltzer & Jeanette Chung, 2002. "Effects of Competition Under Prospective Payment on Hospital Costs Among High- and Low-Cost Admissions: Evidence from California, 1983 and 1993," NBER Chapters, in: Frontiers in Health Policy Research, Volume 5, pages 53-102, National Bureau of Economic Research, Inc.
    15. Chou, Shin-Yi & Deily, Mary E. & Li, Suhui & Lu, Yi, 2014. "Competition and the impact of online hospital report cards," Journal of Health Economics, Elsevier, vol. 34(C), pages 42-58.
    16. Julio César Arteaga & Daniel Flores, 2022. "Price Regulation and Fraud—with Special Emphasis on Gasoline Retailing," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 60(2), pages 175-192, March.
    17. Mirucki, Jean, 1980. "Vérification des conditions d'efficacité dans la production chez Bell Canada [Checking the conditions of efficient production in Bell Canada]," MPRA Paper 30147, University Library of Munich, Germany, revised Jun 1980.
    18. Shepard, Lawrence, 1977. "The Potential Impact Of Airline Deregulation On Feeder Routes In The Far West," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 2, pages 1-10, December.
    19. Manuel Trajtenberg, 1985. "The Welfare Analysis of Product Innovations with an Application to CT Scanners," NBER Working Papers 1724, National Bureau of Economic Research, Inc.
    20. Sofronis Clerides, 2014. "The Collapse of the Cypriot Banking System: A Bird’s Eye View," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(2), pages 3-35, December.
    21. Mirucki, Jean, 1980. "Comportement de l'entreprise réglementée: étude de l'hypothèse Averch-Johnson [Behavior of the Regulated Firm: A Study of the Averch-Johnson Hypothesis]," MPRA Paper 27669, University Library of Munich, Germany, revised 1982.
    22. Victor Manuel Bennett & Lamar Pierce & Jason A. Snyder & Michael W. Toffel, 2013. "Customer-Driven Misconduct: How Competition Corrupts Business Practices," Management Science, INFORMS, vol. 59(8), pages 1725-1742, August.
    23. Roger D. Blair & Wenche Wang, 2017. "Resale Price Maintenance: An Economic Analysis of its Anticompetitive Potential," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(2), pages 153-168, March.

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