Competition under Nonlinear Pricing
Despite its great prevalence in practice, competition through whole schedules of prices as function of quantities remains largely unexplored. To deal with this question, the multiprincipal incentive theory is exploited to build a theoretical model of oligopolistic competition which is fitted to data on the French market of energy distribution. A distinguishing feature of our analysis is that in equilibrium, nonlinear pricing schemes depend on an aggregated statistic of unknown individual valuations for the different goods and on the rivals' contract parameters. The empirical results show that incomplete information plays a crucial role. Since estimates of the structural parameters are obtained, inferences can be drawn on the degree of product differentiation, the effectiveness of regulatory constraint and the levels of suppliers' price margins.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1993|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +33 (0)5 61 12 85 89
Fax: + 33 (0)5 61 12 86 37
Web page: http://www.idei.fr/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ide:wpaper:4555. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.