Ramsey pricing: a simple example of a subordinate commodity

被引：0
|
作者：
Paolo Bertoletti
机构：
[1] University of Milan-Bicocca,Department of Economics, Management and Statistics
来源：
Portuguese Economic Journal | 2024年 / 23卷
关键词：
Subordinate commodity; Negative price-cost margin; Ramsey pricing; Bertrand vs Cournot prices; D11; D43; D61;
D O I：
暂无
中图分类号：
学科分类号：
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：6
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