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| Author: | Kolpin, V. |
| Title: | Equitable nonlinear price regulation: an alternative approach to serial cost sharing |
| Journal: | Games and Economic Behavior
1998 : JAN, VOL. 22:1, p. 61-83 |
| Index terms: | GAMES ECONOMIC BEHAVIOUR PRICE LEVEL |
| Language: | eng |
| Abstract: | This paper examines the serial cost share rule from a perspective of nonlinear pricing. The expenditure function concept is introduced to facilitate the modelling of a wide variety of pricing mechanisms including those featuring head taxes, block pricing, or volume discounts. Axioms on equitable price regulation are shown to characterize the serial expenditure function, a pricing mechanism which induces the distribution of several cost shares. Several such characterisations are offered in a variety of technological contexts. |
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