descriptionPublicationkeyboard_double_arrow_right Article 01 May 2009 English Publisher:Elsevier BVJournal:Economics Letters, volume 103, pages 72-74 (issn: 0165-1765,

Authors: Tao, Z; Lu, Y; Bai, CE;

doi: 10.1016/j.econlet.2009.01.031

handle: 10722/60211

Excludable public goods: Pricing and social welfare maximization

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Abstract

Abstract We compare two pricing strategies — buffet pricing and usage pricing — of excludable public goods for social welfare maximization. Buffet pricing is better than usage pricing for low consumer heterogeneity, while the opposite holds for high consumer heterogeneity.

Related Organizations

Tsinghua University
China (People's Republic of)
University of Hong Kong
China (People's Republic of)
University of Hong Kong (香港大學)
China (People's Republic of)

Keywords

Buffet pricing, Per-unit usage pricing, Excludable public goods, Social welfare maximization

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