Ramsey problem
id:
ramsey-problem-185-11565905
title:
Ramsey problem
text:
The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare while earning enough revenue to cover its fixed costs. Under Ramsey pricing, the price markup over marginal cost is inverse to the price elasticity of demand and the Price elasticity of supply: the more elastic the product's demand or supply, the smaller the markup. Frank P. R
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Ramsey_problem
date created:
2005-02-13T01:37:52Z
date modified:
2024-09-07T21:24:06Z
main entity:
{"identifier":"Q1757797","url":"https://www.wikidata.org/entity/Q1757797"}
image:
fields total:
13
integrity:
14