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Price Cap Regulation and Productivity Growth

Author

Listed:
  • Jeffrey I. Bernstein

    ()

Abstract

This article by Jeffrey I. Bernstein of Carleton University and the NBER discusses the use of total factor productivity for price setting in regulated industries. He argues that the longterm, industry-wide productivity experience that is not subject to strategic manipulation by regulated firms should be the productivity growth rate used to develop the appropriate offset factor for price cap regulation.

Suggested Citation

  • Jeffrey I. Bernstein, 2000. "Price Cap Regulation and Productivity Growth," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 23-28, Fall.
  • Handle: RePEc:sls:ipmsls:v:1:y:2000:5
    as

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    File URL: http://www.csls.ca/ipm/1/bernstein-e.pdf
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    File URL: http://www.csls.ca/ipm/1/bernstein-f.pdf
    File Function: version en francais, pp:23-29
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    More about this item

    Keywords

    Total Factor Productivity; Price Setting; Regulation; Growth; Price Cap; Trends; Targets; Prices; Input; Incentives;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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