Reglas de precios "third best" para empresas reguladas

Authors

  • Fernando Navajas
  • Alberto Porto

Keywords:

teoría del viceóptimo

Abstract

Recently (eg. Danielsen A. et. al., Southern Economic Jorunal, 1990) it has been suggested that the practice of regulatory agencies in the U.S. has led to 3rd best pricing rules. These would result not only from satisfying a global fianancial restriction (Ramsey prices) but also a prespecified allocation of this global amount between different consumer groups. This paper shows that the alleged 3rd. best rule is in fact a well known 2nd best rule (RamseyFeldstein prices) that results when there is policy concern on distributional aspects. Thus, policy prescriptions to make those 3rd best price converge to Ramsey prices may be incorrect.

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Published

1994-12-30

How to Cite

Navajas, F., & Porto, A. (1994). Reglas de precios "third best" para empresas reguladas. Económica, 40(1), p. 117–128. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/5430

Issue

Vol. 40 No. 1 (1994)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.