Simple regulatory policies in the presence of demand and cost uncertainty

Article Abstract:

The issue of how government regulatory policies imposed on regulated firms under conditions of demand and cost uncertainty may enhance welfare was investigated. A model comprised of a monopoly producer, a representative consumer and a regulator was constructed. Regulatory policies were restricted to a two-part tariff, minimum sales level for the firm and a maximum limitation on the purchases of the regulated product. It was concluded that policies which protect regulated firms from stranded investment and limitations on service obligations will result in improved consumer welfare.

Industry regulations, Government regulation of business, Trade regulation, Demand (Economics), Uncertainty

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Optimal product strategies in the presence of network externalities

Article Abstract:

A network externality is present when a user's benefit from a product is enhanced as the number of other users in the same network increases. The likelihood that a software company may take advantage of network externalities by offering a limited feature version of its commercially available software into the market was examined. The two versions need not be completely compatible and network externalities are permitted to decrease as the distinction between the versions increases. Situations in which the offering a limited feature version is optimal are shown.

Prepackaged software, Computer Software, Software Publishers, Computer software industry, Software industry, Software, Product introduction, Externalities (Economics), Shareware, Shareware (Software)

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