Title: | The Tragic Inefficiency of the M-ECPR |
Authors: | Economides, Nicholas |
Keywords: | Networks;Access;Complementarity;Public Policy |
Issue Date: | Dec-1997 |
Publisher: | Stern School of Business, New York University |
Series/Report no.: | IS-98-08 |
Abstract: | We show that application of the so-called "Market Determined Efficient Component Pricing Rule," the "Efficient Component Pricing Rule," and, in general, of pricing rules that are based on private opportunity costs would perpetuate pricing inefficiencies and result in lower social surplus than pricing which is based on social opportunity cost rather than private opportunity costs. |
URI: | http://hdl.handle.net/2451/14295 |
Appears in Collections: | IOMS: Information Systems Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IS-98-08.pdf | 911.36 kB | Adobe PDF | View/Open |
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