Regulation and Industrial Organization
Bibliographic Data
| ID | 10183552 |
|---|---|
| Authors | Andrew F Daughety (corresponding author) |
| Year | 1984 |
| Volume | 92 |
| Issue | 5 |
| Pages | 932-953 |
| Publication date | 1984-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261265 |
| OpenAlex | W2062964596 |
| Language | EN |
| Citations received | 3 |
| References cited | 1 |
This paper examines the effects on firm behavior and industry structure of industry-wide price regulation by the state. Such regulation, wherein regulators set prices with regard to an industry-wide aggregate performance measure, has been (and still is) widely used and is shown to induce inefficiencies in firm operation. In general such regulation can result in setting prices high enough to maintain inefficient firms, and it encourages to inefficient firm operation due to incentives to inflate costs and Averch-Johnson effects
Aggregate (composite · Business · Economics · Incentive · Industrial organization · Microeconomics · Monetary economics · Set (abstract data type · Auction Theory and Applications · Consumer Market Behavior and Pricing · Merger and Competition Analysis
| Citations per year | 0.08 |
|---|---|
| Citation span | 1987 - 2024 (38) |
| Highly cited | No |