This paper provides a simple procedure that can be used in empirical works aimed at uncovering the preferences of regulators over consumers. The inverting procedure proposed by Ross (1984) is adapted to a regulatory situation characterised by price cap regulation.
Uncovering regulator’s (implicit) social welfare weights under price cap regulation
VALENTINI, Edilio
2006-01-01
Abstract
This paper provides a simple procedure that can be used in empirical works aimed at uncovering the preferences of regulators over consumers. The inverting procedure proposed by Ross (1984) is adapted to a regulatory situation characterised by price cap regulation.File in questo prodotto:
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