search query: @author Vickers, J. / total: 18
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| Author: | Armstrong, M. Doyle, C. Vickers, J. |
| Title: | The access pricing problem: a synthesis |
| Journal: | Journal of Industrial Economics
1996 : JUN, VOL. 44:2, p. 131-150 |
| Index terms: | INDUSTRIAL ECONOMICS PRICING ECONOMICS |
| Language: | eng |
| Abstract: | The Baumol-Willig efficient component pricing rule states that it is efficient to set the price of access to an essential facility equal to the direct cost of access plus the opportunity cost to the integrated access provider. The authors analyze the relevant notion of "opportunity cost" under various assumptions about demand and supply conditions, including product differentiation, bypass and substitution possibilities, which all reduce opportunity cost compared to the benchmark case. The Ramsey approach is shown. |
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