Ramsey pricing: a simple example of a subordinate commodity

被引：0
|
作者：
Bertoletti, Paolo [1 ]
机构：
[1] Univ Milano Bicocca, Dept Econ Management & Stat, Piazza Ateneo Nuovo 1, I-20216 Milan, Italy
来源：
PORTUGUESE ECONOMIC JOURNAL | 2024年 / 23卷 / 02期
关键词：
Subordinate commodity; Negative price-cost margin; Ramsey pricing; Bertrand vs Cournot prices;
D O I：
10.1007/s10258-023-00238-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We present preferences exhibiting a so-called subordinate good, namely a commodity such that the willingness to pay for it increases when the consumption of all goods increases proportionally, and thus receives a negative price-cost margin according to Ramsey pricing. We also show that its Bertrand equilibrium price is above its Cournotian price.
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页码：241 / 247
页数：7
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