Confusing fixed and variable costs under Ramsey regulation
- Autores
- Urbiztondo, Santiago
- Año de publicación
- 1997
- Idioma
- inglés
- Tipo de recurso
- documento de trabajo
- Estado
- versión enviada
- Descripción
- Ramsey regulation, in the context of tariff rebalancing, is analyzed when the regulator is not fully informed about the cost structure of the firm. It is shown that even if the estimated relation between variable costs of the two goods produced is correct, errors regarding the composition of a given total cost between fixed and variable elements result in: (i) the price of the good with a higher (lower) elasticity of demand decreases (increases) as the estimated fixed cost is higher; and (ii) whatever mistake is made, i.e., under or over estimating fixed costs, the profits obtained by the regulated firm are lower than intended.
Departamento de Economía - Materia
-
Ciencias Económicas
costos fijos
análisis de costes
costos variables
economía - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/3.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/3517
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Confusing fixed and variable costs under Ramsey regulationUrbiztondo, SantiagoCiencias Económicascostos fijosanálisis de costescostos variableseconomíaRamsey regulation, in the context of tariff rebalancing, is analyzed when the regulator is not fully informed about the cost structure of the firm. It is shown that even if the estimated relation between variable costs of the two goods produced is correct, errors regarding the composition of a given total cost between fixed and variable elements result in: (i) the price of the good with a higher (lower) elasticity of demand decreases (increases) as the estimated fixed cost is higher; and (ii) whatever mistake is made, i.e., under or over estimating fixed costs, the profits obtained by the regulated firm are lower than intended.Departamento de Economía1997-10info:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/submittedVersionDocumento de trabajohttp://purl.org/coar/resource_type/c_8042info:ar-repo/semantics/documentoDeTrabajoapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/3517enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/doctrab/doc3.pdfinfo:eu-repo/semantics/altIdentifier/issn/1853-3930info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-22T16:30:47Zoai:sedici.unlp.edu.ar:10915/3517Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-22 16:30:47.727SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
Confusing fixed and variable costs under Ramsey regulation |
| title |
Confusing fixed and variable costs under Ramsey regulation |
| spellingShingle |
Confusing fixed and variable costs under Ramsey regulation Urbiztondo, Santiago Ciencias Económicas costos fijos análisis de costes costos variables economía |
| title_short |
Confusing fixed and variable costs under Ramsey regulation |
| title_full |
Confusing fixed and variable costs under Ramsey regulation |
| title_fullStr |
Confusing fixed and variable costs under Ramsey regulation |
| title_full_unstemmed |
Confusing fixed and variable costs under Ramsey regulation |
| title_sort |
Confusing fixed and variable costs under Ramsey regulation |
| dc.creator.none.fl_str_mv |
Urbiztondo, Santiago |
| author |
Urbiztondo, Santiago |
| author_facet |
Urbiztondo, Santiago |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas costos fijos análisis de costes costos variables economía |
| topic |
Ciencias Económicas costos fijos análisis de costes costos variables economía |
| dc.description.none.fl_txt_mv |
Ramsey regulation, in the context of tariff rebalancing, is analyzed when the regulator is not fully informed about the cost structure of the firm. It is shown that even if the estimated relation between variable costs of the two goods produced is correct, errors regarding the composition of a given total cost between fixed and variable elements result in: (i) the price of the good with a higher (lower) elasticity of demand decreases (increases) as the estimated fixed cost is higher; and (ii) whatever mistake is made, i.e., under or over estimating fixed costs, the profits obtained by the regulated firm are lower than intended. Departamento de Economía |
| description |
Ramsey regulation, in the context of tariff rebalancing, is analyzed when the regulator is not fully informed about the cost structure of the firm. It is shown that even if the estimated relation between variable costs of the two goods produced is correct, errors regarding the composition of a given total cost between fixed and variable elements result in: (i) the price of the good with a higher (lower) elasticity of demand decreases (increases) as the estimated fixed cost is higher; and (ii) whatever mistake is made, i.e., under or over estimating fixed costs, the profits obtained by the regulated firm are lower than intended. |
| publishDate |
1997 |
| dc.date.none.fl_str_mv |
1997-10 |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/workingPaper info:eu-repo/semantics/submittedVersion Documento de trabajo http://purl.org/coar/resource_type/c_8042 info:ar-repo/semantics/documentoDeTrabajo |
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workingPaper |
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http://sedici.unlp.edu.ar/handle/10915/3517 |
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eng |
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eng |
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info:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/doctrab/doc3.pdf info:eu-repo/semantics/altIdentifier/issn/1853-3930 |
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