search query: @author Cowan, S. / total: 4
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| Author: | Cowan, S. |
| Title: | Optimal risk allocation for regulated monopolies and consumers |
| Journal: | Journal of Public Economics
2004 : JAN, VOL. 88:1-2, p. 285-303 |
| Index terms: | Pricing Risk |
| Language: | eng |
| Abstract: | The model shows how a regulated monopolist's price should change as random cost and demand parameters are revealed. The regulator has a Ramsey-type problem. With a linear tariff a trade-off between allocative efficiency and risk sharing typically exists. The attitudes of the consumer and the firm to both income and price adjustment schemes used in practice to be optimal. |
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