Ramsey pricing: a simple example of a subordinate commodity
نویسندگان
چکیده
Abstract We present preferences exhibiting a so-called subordinate good, namely commodity such that the willingness to pay for it increases when consumption of all goods proportionally, and thus receives negative price-cost margin according Ramsey pricing. also show its Bertrand equilibrium price is above Cournotian price.
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ژورنال
عنوان ژورنال: Portuguese Economic Journal
سال: 2023
ISSN: ['1617-9838', '1617-982X']
DOI: https://doi.org/10.1007/s10258-023-00238-1