{"id":1094,"date":"2014-03-19T08:37:02","date_gmt":"2014-03-19T08:37:02","guid":{"rendered":"https:\/\/euricse.staging.hgblu.com\/?post_type=publications&#038;p=1094"},"modified":"2024-03-19T10:56:13","modified_gmt":"2024-03-19T10:56:13","slug":"wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2","status":"publish","type":"publications","link":"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/","title":{"rendered":"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly"},"content":{"rendered":"<p style=\"text-align: justify;\">In the first part of the paper we study the pricing policies of a customer-owned firm in the absence of external regulation. The profit-sharing rule is a key element of the price choice and our analysis focuses on the two most common ones, uniform and proportional. The main result is that the self-discipline effect generally ensures the dominance of customer-ownership over investor-ownership in welfare terms, though under neither rule it is enough to attain the first-best in equilibrium. Then, customer-owned firms, like forprofit ones, need some external price regulation. In the second part we address this topic. We show first that the optimal regulatory policies for investor-owned service providers are not optimal for customerowned ones, and hence price regulation is affected by the ownership mode. Another factor that is shown to condition the effectiveness of regulation is the sharing rule. The paper closes with a few results on the optimal regulatory design for customer-owned firms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first part of the paper we study the pricing policies of a customer-owned firm in the absence of external regulation. The main result is that the effect of self-regulation generally ensures the dominance of customer ownership over investor ownership in terms of welfare, although in neither rule is sufficient to achieve first-best in equilibrium.<\/p>\n","protected":false},"author":32,"featured_media":9781,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","filesize_raw":"","footnotes":""},"tags":[],"class_list":["post-1094","publications","type-publications","status-publish","has-post-thumbnail","hentry","publications-cat-working-papers","publications-area-economic-theory"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly - Euricse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly - Euricse\" \/>\n<meta property=\"og:description\" content=\"In the first part of the paper we study the pricing policies of a customer-owned firm in the absence of external regulation. The main result is that the effect of self-regulation generally ensures the dominance of customer ownership over investor ownership in terms of welfare, although in neither rule is sufficient to achieve first-best in equilibrium.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Euricse\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-19T10:56:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euricse.eu\/wp-content\/uploads\/2015\/03\/wp70.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2480\" \/>\n\t<meta property=\"og:image:height\" content=\"3509\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/\",\"url\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/\",\"name\":\"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly - Euricse\",\"isPartOf\":{\"@id\":\"https:\/\/euricse.eu\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euricse.eu\/wp-content\/uploads\/2015\/03\/wp70.jpg\",\"datePublished\":\"2014-03-19T08:37:02+00:00\",\"dateModified\":\"2024-03-19T10:56:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/#primaryimage\",\"url\":\"https:\/\/euricse.eu\/wp-content\/uploads\/2015\/03\/wp70.jpg\",\"contentUrl\":\"https:\/\/euricse.eu\/wp-content\/uploads\/2015\/03\/wp70.jpg\",\"width\":2480,\"height\":3509},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/euricse.eu\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pubblicazioni\",\"item\":\"https:\/\/euricse.eu\/it\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/euricse.eu\/en\/#website\",\"url\":\"https:\/\/euricse.eu\/en\/\",\"name\":\"Euricse\",\"description\":\"Knowledge and innovation for cooperative and social enterprises.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/euricse.eu\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly - Euricse","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/euricse.eu\/en\/publications\/wp-70-14-pricing-and-price-regulation-in-a-customer-owned-monopoly-2\/","og_locale":"en_US","og_type":"article","og_title":"WP 70 | 14 Pricing and Price Regulation in a Customer-Owned Monopoly - Euricse","og_description":"In the first part of the paper we study the pricing policies of a customer-owned firm in the absence of external regulation. 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