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- W2036699690 abstract "This paper examines the desirability of allowing a monopolist to determine the market price. We find that none of the regulatory mechanisms previously discussed in the “prices vs. quantities” literature strictly dominates unregulated, monopoly price-setting. Furthermore, despite suggestions by others, price-setting by a regulated monopolist whose profits coincide with society's net benefits is not always the most desirable means of control. Quantity-setting by such a monopolist may instead be the preferred choice. Combining both into one incentive-compatible mechanism provides the best regulatory scheme and one in which the regulator need not be informed about costs." @default.
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- W2036699690 date "1990-07-01" @default.
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- W2036699690 title "Prices vs. Quantities and Delegating Price Authority to a Monopolist" @default.
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- W2036699690 doi "https://doi.org/10.2307/2298028" @default.
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