This note analyzes a simple Cournot model where firms choose outputs and capacities facing varying demand and price-cap regulation. We find that binding price caps set above long-run marginal cost increase (rather than decrease) aggregate capacity investment. (author's abstract) / Series: Working Papers / Research Institute for Regulatory Economics
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:epub-wu-01_100d |
| Date | January 2008 |
| Creators | Buehler, Stefan, Burger, Anton, Ferstl, Robert |
| Publisher | Forschungsinstitut für Regulierungsökonomie, WU Vienna University of Economics and Business |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Working Paper, NonPeerReviewed |
| Format | application/pdf |
| Relation | http://epub.wu.ac.at/1766/ |
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