VOTING, SPATIAL MONOPOLY, and SPATIAL PRICE REGULATION
作者:
Meng‐Hua Ye,
Anthony M.J. Yezer,
期刊:
Economic Inquiry
(WILEY Available online 1992)
卷期:
Volume 30,
issue 1
页码: 29-39
ISSN:0095-2583
年代: 1992
DOI:10.1111/j.1465-7295.1992.tb01532.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Regulations often require that local public utilities engage in high rates of freight absorption. These regulations, often mandating uniform pricing, are shown to arise logically as a consequence of self‐interested voting behavior. We specifically consider the case of a single‐plant spatial monopoly which is regulated by consumers distributed around the plant. Consumers may change their delivered price by voting to require a rate of freight absorption which differs from the profit‐maximizing rate. Voting outcomes under a median voter model predict the high rate of freight absorption often observed in pra
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