Abstract
This paper discusses the optimal pricing rule for a compound economy in which public and private firms coexist. A generalized Ramsey pricing model is introduced which is, in comparison with the traditional Ramsey model, characteristic of the mixed maximization of social welfare and self profits, returns to scale specific to good and exogenous price constraints. Finally, its applications to Chinese postal and telecommunications services are provided.
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© 1997 Springer-Verlag Berlin Heidelberg
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Yang, C. (1997). A Generalized Ramsey Pricing Model with Applications to Chinese Postal and Telecommunications Services. In: Fang, F., Sanglier, M. (eds) Complexity and Self-Organization in Social and Economic Systems. Lecture Notes in Economics and Mathematical Systems, vol 449. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48406-3_24
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DOI: https://doi.org/10.1007/978-3-642-48406-3_24
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-62400-4
Online ISBN: 978-3-642-48406-3
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