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Nonlinear Pricing under a Balanced-Budget Requirement: The n-Type Case

Författare

Summary, in English

An economy consisting of n>=2 different types of consumers and one publicly owned natural monopoly is under consideration. The preferences of the consumers are assumed to be linear in money and the demand curves are assumed not to cross. We also suppose that the net utility from consumption is so high that we do not have to consider the individual rationality constraints. Given these assumptions, we completely characterize the set of budget-balanced and Pareto efficient nonlinear pricing schedules. This complete characterization has only been presented in the two-type case before

Publiceringsår

2004

Språk

Engelska

Publikation/Tidskrift/Serie

Working Papers. Department of Economics, Lund University

Issue

25

Dokumenttyp

Working paper

Förlag

Department of Economics, Lund University

Ämne

  • Economics

Nyckelord

  • Nonlinear Pricing
  • Budget-Balance

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 1103-3010