The Optimality of Boiteux-Ramsey Pricing
研究受预算约束的公共企业采用博伊特或拉姆齐一阶条件定价时,在何种限制条件下能实现次优配置。
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)