On price caps under uncertainty

Review of Economic Studies

Volumn 74, Issue 1, 2007, Pages 93-111

  Earle, Robert ^a   Schmedders, Karl ^b   Tatur, Tymon ^c  

^a CRA International ^*  (United States)

^b NORTHWESTERN UNIVERSITY   (United States)

^c PRINCETON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COST; PRICE DYNAMICS; UNCERTAINTY ROLE;

EID: 33845993911     PISSN: 00346527     EISSN: 1467937X     Source Type: Journal    
DOI: 10.1111/j.1467-937X.2007.00415.x     Document Type: Article

References (15)

1. BORENSTEIN, S. (2002), "The Trouble with Electricity Markets: Understanding California's Restructuring Disaster", Journal of Economic Perspectives, 16 (1), 191-211.
2. CARLTON, D. W. and PERLOFF, J. M. (1994) Modern Industrial Organization (New York: HarperCollins).
3. CLARKSON, K. W. and MILLER, R. L. (1982) Industrial Organization: Theory, Evidence, and Public Policy (New York: McGraw-Hill).
4. DAUGHETY, A. F. (ed.) (1988) Cournot Oligopoly: Characterization and Applications (Cambridge: Cambridge University Press).
5. DENECKERE, R., MARVEL, H. P. and PECK, J. (1996), "Demand Uncertainty, Inventories, and Resale Price Maintenance", Quarterly Journal of Economics, 111 (3), 885-913.
6. DENECKERE, R., MARVEL, H. P. and PECK, J. (1997), "Demand Uncertainty and Price Maintenance: Markdowns as Destructive Competition", American Economic Review, 87 (4), 619-641.
7. EDLIN, A. S. and SHANNON, C. (1998), "Strict Monotonicity in Comparative Statics", Journal of Economic Theory, 81 (1), 201-219.
8. MILGROM, P. and ROBERTS, J. (1994), "Comparing Equilibria", American Economic Review, 84 (3), 441-459.
9. MILGROM, P. and SHANNON, C. (1994), "Monotone Comparative Statics", Econometrica, 62 (1), 157-180.
10. MOUGEOT, M. and NAEGELEN, F. (2005), "Hospital Price Regulation and Expenditure Cap Policy", Journal of Health Economics, 24 (1), 55-72.
11. PARKER, D. (2002), "Economic Regulation: A Review of Issues", Annals of Public and Cooperative Economics, 73 (4), 493-519.
12. ROBERTS, J. and SONNENSCHEIN, H. (1976), "On the Existence of Cournot Equilibrium without Concave Profit Functions", Journal of Economic Theory, 13 (1), 112-117.
13. URI, N. D. (2001), "Technical Efficiency, Allocative Efficiency, and the Implementation of a Price Cap Plan in Telecommunications in the United States", Journal of Applied Economics, 4 (1), 163-186.
14. VERLEGER, P. K., Jr. (1993) Adjusting to Volatile Energy Prices (Washington, DC: Institute for Energy Economics).
15. WALSH, C. (2001), "FERC's Massey: Worst may be Ahead for West Coast Power Market", Dow Jones Newswires, 23 May.