Detail Consumer Welfare and Inefficiency Among Regulated Industries   Oleh:  Babilot, George ; Green, Louis ; Frantz, Roger Jenis: Article from Bulletin/Magazine Dalam koleksi: The Journal of Consumer Affairs vol. 19 no. 2 (1985), page 207-221. Topik: welfare; consumer welfare; regulated industries Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel While the issue of efficiency on the side of production is still not a settled question, it is generally agreed that competition is more conductive to efficiency - both allocative and X - than monopoly. When the monopoly is regulated, i. e., receiving a rate of return less than it would if left unregulated but greater than the market rate of return, both allocative and X - inefficiency result. Since the degree of inefficiency amounts to a tax on consumers, the question of inefficiency in production has a twin companion in the form of consumer welfare losses. This is particularly true for many public utilities upon which low income families spend a large proportion of their income. The quasi tax that the regulated monopolist exacts neither generates a flow of public goods nor increases returns to shareholders. It is a particularly burdensome levy because the rate structure is highly regressive. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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