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Policies for Public Services under Competition

  • Dong-Joo Moon
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

This chapter is concerned with economic analyses of a congestion-prone public service under competition, as a sequel to the previous chapter for a public service under no competition. The economic analyses of a public service under competition address public policies under decision-making environments that fundamentally differ from those for a public service under no competition. The former should account for the fact that government choices regarding the price and capacity of a public service influence demands for competing public and private services and, therefore, the resource allocation of entire markets. Further, it should reflect the reality that most public services face competition from other public and/or private services that have prices and capacities that cannot be controlled by the government.

Keywords

Public Service Price Rule Private Service Indirect Utility Function Utility Maximization Problem 
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References

  1. Baumol WJ, Bradford DF (1970) Optimal departure from marginal cost pricing. Am Econ Rev 60:265–83Google Scholar
  2. Harberger AC (1971) Three basic postulates for applied economics: an interpretive essay. J Econ Lit 9:785–97Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Institute for Environmental PlanningSeoul National UniversitySeoulKorea (South)

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