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Resource Allocation and the Regulated Firm: Comment on the Comments

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  • Elizabeth E. Bailey

Abstract

The revenue-maximizing firm presumably has an internal return requirement that is at least as large as the maximum return permitted by a regulatory agency. In this case, which is the only one that seems economically meaningful, the undercapitalization result of Bailey-Malone holds throughout the elastic region of the revenue curve.

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  • Elizabeth E. Bailey, 1973. "Resource Allocation and the Regulated Firm: Comment on the Comments," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 288-292, Spring.
    • Handle: RePEc:rje:bellje:v:4:y:1973:i:spring:p:288-292
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    Cited by:

    1. Mirucki, Jean, 1980. "Vérification des conditions d'efficacité dans la production chez Bell Canada [Checking the conditions of efficient production in Bell Canada]," MPRA Paper 30147, University Library of Munich, Germany, revised Jun 1980.
    2. Mirucki, Jean, 1980. "Comportement de l'entreprise réglementée: étude de l'hypothèse Averch-Johnson [Behavior of the Regulated Firm: A Study of the Averch-Johnson Hypothesis]," MPRA Paper 27669, University Library of Munich, Germany, revised 1982.

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