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| Author: | Armstrong, M. Vickers, J. |
| Title: | Multiproduct price regulation under asymmetric information |
| Journal: | Journal of Industrial Economics
2000 : JUN, VOL. 48:2, p. 137-160 |
| Index terms: | INDUSTRIAL ECONOMICS PRICES INFORMATION |
| Language: | eng |
| Abstract: | The authors discuss the regulation of a multiproduct monopolist when the firm has private information about cost or demand conditions. The regulator offers the firm a set of prices from which to choose. When there is private information only about costs, the firm should always have a degree of discretion over its pricing policy. When uncertainty concerns demand, whether discretion is desirable depends on how demand elasticities vary with the scale of demands. |
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