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A Robust Methodology for Ramsey Pricing with an Application to UK Postal Services

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  • Cuthbertson, Keith
  • Dobbs, Ian M

Abstract

The policy relevance of Ramsey pricing calculations naturally turns on their robustness. This paper sets out a methodology for a 'minimal information' approach in examining the sensitivity of Ramsey prices to changes in demand and cost parameters. The 'minimal information' required for the approach to be operational is (1) a set of estimated demand functions for the products involved and (2) some idea of the 'ball-park' for marginal costs for these products. A case study of the U.K. letters business is used to illustrate the approach. Copyright 1996 by Blackwell Publishing Ltd.

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  • Cuthbertson, Keith & Dobbs, Ian M, 1996. "A Robust Methodology for Ramsey Pricing with an Application to UK Postal Services," Journal of Industrial Economics, Wiley Blackwell, vol. 44(3), pages 229-247, September.
    • Handle: RePEc:bla:jindec:v:44:y:1996:i:3:p:229-47
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    Cited by:

    1. Joan Calzada & Francesc Trillas, 2005. "The interconnection prices in telecomunications: from theory to practice," Hacienda Pública Española / Review of Public Economics, IEF, vol. 173(2), pages 85-125, June.
    2. Thijs ten Raa, 2009. "Monopoly, Pareto and Ramsey Mark-ups," Journal of Industry, Competition and Trade, Springer, vol. 9(1), pages 57-63, March.
    3. Nahata, Babu & Izyumov, Alexei & Busygin, Vladimir & Mishura, Anna, 2007. "Application of Ramsey model in transition economy: A Russian case study," Energy Economics, Elsevier, vol. 29(1), pages 105-125, January.

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