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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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