Uncovering Regulator's (Implicit) Social Welfare Weights Under Price Cap Regulation

Valentini, Edilio

doi:10.2139/ssrn.856104

Abstract

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Uncovering Regulator's (Implicit) Social Welfare Weights Under Price Cap Regulation

Edilio Valentini

University G. D'Annunzio of Chieti-Pescara

November 1, 2005

CEIS Working Paper No. 74

Abstract:
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: L51

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Date posted: November 28, 2005 ; Last revised: March 9, 2012

Suggested Citation

Valentini, Edilio, Uncovering Regulator's (Implicit) Social Welfare Weights Under Price Cap Regulation (November 1, 2005). CEIS Working Paper No. 74. Available at SSRN: http://ssrn.com/abstract=856104 or http://dx.doi.org/10.2139/ssrn.856104

Contact Information

Edilio Valentini (Contact Author)

University G. D'Annunzio of Chieti-Pescara ( email )

I-65127 Pescara
Italy