Web5 Oct 2010 · This paper analyses to what extent the second-best pricing has been achieved in the Portuguese telecommunications firm CTT, over the period 1950#150;1984 as well … WebThe second term is usually negative (as (P′(q) < 0); an increasing quantity reduces the price), so that the second-best tax is smaller than the first-best tax. This is intuitive: As a …
Nonuniform pricing I (Chapter 4) - The Theory of Public Utility Pricing
Weboptimal pricing for the Portuguese telephone service, that is, the price structure that maximises an “adjusted Social Welfare” function4. Other authors like Ng and Weisser (1974), Feldestein (1972) and Schmalansee (1981) developed their work finding optimal second-best pricing schemes using a methodology similar to that Cabral adopted. Web180 1.M. Dobbs, Shadow prices discussing second-best pricing (section 3) it is the value considered to be correct by the relevant decision-maker. In discussing the consistency principle (section 4), a ‘deus ex machina true value’ is also considered. Project i in sector j is characterised by three features: capital outlay (Kij), ... henstridge shop
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