An application of Ramsey model in transition economy: a Russian case study
AbstractThis case study uses the Ramsey model to analyze whether the current electricity prices charged by the natural monopoly Novosibirskenergo in a major industrial region of the Russian Federation are socially optimal. Our estimates of demand elasticities for two major groups of consumers, namely households and industrial users, show that prices are not socially optimal. A decrease in price for industrial users and an increase in price for households would bring the prices closer to socially optimal.
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Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 0307003.
Length: 29 pages
Date of creation: 03 Jul 2003
Date of revision:
Note: Type of Document - Acrobat PDF; prepared on IBM PC ; to print on HP/PostScript/; pages: 29
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Natural monopolies; Transition economy; Ramsey model.;
Find related papers by JEL classification:
- D4 - Microeconomics - - Market Structure and Pricing
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
- P5 - Economic Systems - - Comparative Economic Systems
This paper has been announced in the following NEP Reports:
- NEP-TRA-2003-07-13 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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