- 41 Downloads
The previous chapters of this book have dealt with optimal allocation. This chapter, however, will regard alternative objective functions of public enterprises and compare them with the results of maximizing consumer surplus. The interplay between allocative and distributive effects of public enterprises’ policies that follow such objectives will be the most interesting part of this chapter1).
KeywordsConsumer Surplus Base Period Public Enterprise Price Structure Revenue Maximization
Unable to display preview. Download preview PDF.