An application of Ramsey model in transition economy: a Russian case study

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An application of Ramsey model in transition economy: a Russian case study

Author Info

Babu Nahata (University of Louisville)
Alexei Izyumov (University of Louisville)
Vladimir Busygin (Russian Academy of Sciences)
Anna Mishura (Russian Academy of Sciences)

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Babu Nahata

Abstract

This 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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Paper provided by EconWPA in its series General Economics and Teaching with number 0307003.

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Length: 29 pages
Date of creation: 03 Jul 2003
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Handle: RePEc:wpa:wuwpgt:0307003

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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)

References listed on IDEAS
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.:

Cuthbertson, Keith & Dobbs, Ian M, 1996. "A Robust Methodology for Ramsey Pricing with an Application to UK Postal Services," Journal of Industrial Economics, Blackwell Publishing, vol. 44(3), pages 229-47, September. [Downloadable!] (restricted)
Scott, Frank A, Jr, 1986. "Assessing USA Postal Ratemaking: An Application of Ramsey Prices," Journal of Industrial Economics, Blackwell Publishing, vol. 34(3), pages 279-90, March. [Downloadable!] (restricted)
Sergei Guriev & Dmitry Kvassov, 2000. "Barter for price discrimination? A theory and evidence from Russia," Working Papers w0007, Center for Economic and Financial Research (CEFIR). [Downloadable!]
David Kerr, 1999. "The Chinese and Russian Energy Sectors: Comparative Change and Potential Interaction," Post-Communist Economies, Taylor and Francis Journals, vol. 11(3), pages 337-372, September. [Downloadable!] (restricted)
Janusz Ordover & Russell Pittman & Paul Clyde, 2001. "Competition Policy for Natural Monopolies in a Developing Market Economy," Industrial Organization 0111004, EconWPA. [Downloadable!]

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This page was last updated on 2009-11-13.

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