Reglas de precios "third best" para empresas reguladas
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teoría del viceóptimoAbstract
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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