We review the literature on price controls and build a model that analyses shot-term dis- tortions on relative prices of product categories that are either directly or indirectly affected by price controls. According ...

Theoretical industrial organization has made substantial progress since the early 1970 - s and has become a central element of the culture of microeconomics. This book is an attempt to give a straightforward account of the ...

Theoretical industrial organization has made substantial progress since the early 1970 - s and has become a central element of the culture of microeconomics. This book is an attempt to give a straightforward account of the ...

An important economic problem is that of finding optimal pricing mechanisms to sell a single item when there are a random number of buyers who arrive over time. In this paper, we combine ideas from auction theory and recent ...

Good demand estimates are the key to effective pricing decision-making. However, they are subject to a high degree of uncertainty due to various factors that are unpredictable or difficult to model, thus making pricing ...

Price controls are commonly employed in Latin America and other regions to prevent price increases in exporting regions during cross-border trade of electricity. This paper introduces a methodology to evaluate the economic ...