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Welfare maximization under a revenue-cost constraint

Chapter
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Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 188)

Abstract

We now consider welfare maximizing prices for a public enterprise that either
  • — shall not realize a deficit as large as would result from marginal cost pricing under decreasing ray average costs or

  • — shall not realize a deficit at all (break-even) or

  • — shall realize a certain minimum profit that serves as additional public revenue.

Keywords

Marginal Cost Public Authority Public Enterprise Uniform Price Price Structure 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1981

Authors and Affiliations

  1. 1.Institut für Gesellschafts- und WirtschaftswissenschaftenUniversität BonnBonnGermany

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