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On the Nonexistence of Pareto Superior Outlay Schedules

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  • Janusz A. Ordover
  • John C. Panzar

Abstract

Willig demonstrated that in a model in which user demands are independent, a uniform price greater than marginal cost can be Pareto dominated by a nonlinear outlay schedule. However, when users are firms of different sizes which compete in final product markets, their demands must be interrelated. In such cases it may be impossible to achieve any such Pareto improvement.

Suggested Citation

  • Janusz A. Ordover & John C. Panzar, 1980. "On the Nonexistence of Pareto Superior Outlay Schedules," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 351-354, Spring.
  • Handle: RePEc:rje:bellje:v:11:y:1980:i:spring:p:351-354
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    References listed on IDEAS

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    1. Samet, Dov & Tauman, Yair, 1982. "The Determination of Marginal Cost Prices under a Set of Axioms," Econometrica, Econometric Society, vol. 50(4), pages 895-909, July.
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    Cited by:

    1. Jean-Paul Chavas & Walter Briec, 2012. "On economic efficiency under non-convexity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(3), pages 671-701, August.
    2. repec:bin:bpeajo:v:29:y:1998:i:1998-3:p:323-394 is not listed on IDEAS
    3. Louis Phlips, 1981. "Welfare and price discrimination : optimal departures from uniform pricing," Working Papers hal-01527244, HAL.
    4. Panzar John, 2011. "Postal Service Pricing Incentives Following the Introduction of Price Cap Regulation," Review of Network Economics, De Gruyter, vol. 10(3), pages 1-26, September.

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