Publication:
A note on price caps with demand uncertainty, quantity precommitment and disposal

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorLemus Torres, Ana Belén
dc.contributor.authorMoreno, Diego
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.date.accessioned2014-09-10T16:16:07Z
dc.date.available2014-09-10T16:16:07Z
dc.date.issued2014-08-01
dc.description.abstractSince Littlechild (1983)'s report, price cap regulation has been regarded as an effective instrument to mitigate market power when precise information about cost and demand is available. Earle, Schmedders and Tatur (2007) establishes that the comparative static properties of price caps that hold when the demand is deterministic fail for a generic stochastic demand schedule. This note concerns the validity and interpretation of this result in a setting in which firms choose how much to produce ex-ante, but then upon observing the realization of demand choose how much of their output to supply, freely disposing of the output it does not supply.en
dc.description.sponsorshipWe gratefully acknowledge financial support from the Ministerio de Ciencia e Innovación, grant ECO2011‐29762.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe1417
dc.identifier.urihttps://hdl.handle.net/10016/19332
dc.identifier.uxxiDT/0000001271es
dc.language.isoenges
dc.relation.ispartofseriesUC3M Working Papers Economicsen
dc.relation.ispartofseries14-17
dc.relation.projectIDGobierno de España. ECO2011-29762
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 Españaes
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.otherPrice Cap Regulationen
dc.subject.otherCapacity Investment and Withholdingen
dc.subject.otherDemand Uncertaintyen
dc.titleA note on price caps with demand uncertainty, quantity precommitment and disposalen
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we1417.pdf
Size:
300.15 KB
Format:
Adobe Portable Document Format
Download
Collections
DE - Working Papers. Economics. WE