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Existence and Uniqueness of Average Cost Pricing Equilibria: A Degree Theoretic Approach

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  • Currier, Kevin M

Abstract

This paper considers the issues of existence and uniqueness of average cost pricing equilibria within the context of a single, regulated, multiproduct monopoly with additively separable costs. We employ basic degree theoretic arguments to establish conditions under which an average cost pricing equilibrium exists. The degree theoretic approach permits the development of uniqueness results in a very natural manner. Copyright 1994 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

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  • Currier, Kevin M, 1994. "Existence and Uniqueness of Average Cost Pricing Equilibria: A Degree Theoretic Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 46(4), pages 331-339, October.
    • Handle: RePEc:bla:buecrs:v:46:y:1994:i:4:p:331-39
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    Cited by:

    1. Oggioni, Giorgia & Smeers, Yves, 2012. "Evaluating the application of different pricing regimes and low carbon investments in the European electricity market," Energy Economics, Elsevier, vol. 34(5), pages 1356-1369.

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