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On the Nonexistence of Pareto Superior Outlay Schedules

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  • Janusz A. Ordover
  • John C. Panzar

Abstract

Willig demonstrated that in a model in which user demands are independent, a uniform price greater than marginal cost can be Pareto dominated by a nonlinear outlay schedule. However, when users are firms of different sizes which compete in final product markets, their demands must be interrelated. In such cases it may be impossible to achieve any such Pareto improvement.

Suggested Citation

  • Janusz A. Ordover & John C. Panzar, 1980. "On the Nonexistence of Pareto Superior Outlay Schedules," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 351-354, Spring.
    • Handle: RePEc:rje:bellje:v:11:y:1980:i:spring:p:351-354
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    Citations

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    Cited by:

    1. Amrstong, Mark & Cowan, Simon & Vickers, John, 1995. "Nonlinear pricing and price cap regulation," Journal of Public Economics, Elsevier, vol. 58(1), pages 33-55, September.
    2. Jean-Paul Chavas & Walter Briec, 2012. "On economic efficiency under non-convexity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(3), pages 671-701, August.
    3. Jeremy Bulow & Paul Klemperer, 1998. "The Tobacco Deal," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1998 Micr), pages 323-394.
    4. Stephen P. King, 1999. "Price Discrimination, Separation and Access: Protecting Competition or Protecting Competitors?," Australian Journal of Management, Australian School of Business, vol. 24(1), pages 21-35, June.
    5. Panzar John, 2011. "Postal Service Pricing Incentives Following the Introduction of Price Cap Regulation," Review of Network Economics, De Gruyter, vol. 10(3), pages 1-26, September.
    6. J.C. Panzar & AW. Postlewaite, 1982. "Sustainable Outlay Schedules," Discussion Papers 626, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Steffen Hoernig & Ingo Vogelsang, 2012. "The ambivalence of two-part tariffs for bottleneck access," Nova SBE Working Paper Series wp568, Universidade Nova de Lisboa, Nova School of Business and Economics.
    8. Louis Phlips, 1981. "Welfare and price discrimination : optimal departures from uniform pricing," Working Papers hal-01527244, HAL.

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