The optimality of Boiteux-Ramsey pricing

Dierker, Egbert (1991) The optimality of Boiteux-Ramsey pricing. Econometrica, 59 (1), pp. 99-121.

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Consider an economy with one public enterprise that is subject to a budgetary constraint and charges prices according to the first order necessary conditions suggested by Boiteux (1956) or, in another context, by Ramsey (1972). We state (restrictive) conditions sufficient to ensure that the resulting allocation is second best. (author's abstract)

Item Type: Article in Academic Journal
Date Deposited: 28 Jan 2015 10:14
Last Modified: 01 Apr 2016 14:17

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