Imperfect Information and the Equitability of Competitive Prices

摘要: In many markets, sellers have imperfect information about the costs of sales to different buyers, and pattern competitive pricing depends on available. order analyze equity implications public policies requiring suppression, non-utilitarian measures horizontal vertical dimensions inequity caused by cross-subsidization are proposed examined. Better generally reduces inequity, but if buyers is initially poor, additional may increase inequity. If good, more lowers both