Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Pricing strategy
|
| gptkbp:appliesTo |
gptkb:Public_utilities
Natural monopolies |
| gptkbp:assumes |
Fixed costs
Subsidy not feasible |
| gptkbp:basisFor |
Demand elasticity
|
| gptkbp:goal |
Maximize social welfare
Minimize deadweight loss |
| https://www.w3.org/2000/01/rdf-schema#label |
Ramsey pricing
|
| gptkbp:namedAfter |
gptkb:Frank_Ramsey
|
| gptkbp:principle |
Inverse elasticity rule
|
| gptkbp:prohibits |
Firm must break even
No cross-subsidization |
| gptkbp:proposedBy |
1927
|
| gptkbp:relatedTo |
Marginal cost pricing
Price discrimination Welfare economics |
| gptkbp:usedIn |
gptkb:legislation
Telecommunications Transportation Energy sector |
| gptkbp:bfsParent |
gptkb:Frank_Ramsey
|
| gptkbp:bfsLayer |
4
|