Uncovering Regulators' Social Welfare Weights
提出一种方法,通过监管者的定价决策推断其偏好,利用修正的拉姆齐定价模型,揭示不同商品或消费者所承载的社会福利权重。
This article describes a procedure that can be used to infer interesting information about the preferences of regulators from the pricing decisions they make. This is done by using an adaptation of the familiar Ramsey pricing model, which allows benefits derived from the consumption of different goods or derived by different consumers to carry different "social" weights. These weights are then exposed by inverting the first-order conditions of the constrained-maximum problem.