Uncovering Regulator's (Implicit) Social Welfare Weights Under Price Cap Regulation
University G. D'Annunzio of Chieti-Pescara
November 1, 2005
CEIS Working Paper No. 74
This paper provides a simple procedure that can be used in empirical works aimed at uncovering the preferences of regulators over consumers. The inverting procedure proposed by Ross (1984) for the case of a fully informed regulator is adapted to a regulatory situation characterised by price cap regulation.
Number of Pages in PDF File: 11
Keywords: Price cap, regulation, welfare weights
JEL Classification: L51working papers series
Date posted: November 28, 2005 ; Last revised: March 9, 2012
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