How hard is it to maximize profit? Evidence from a 19th-century Italian state monopoly.

In this paper, we study the ability of the 19th-century Italian government to choose profit maximizing prices for a multiproduct monopolist. We use very detailed historical data on the tobacco consumption in 62 Italian provinces from 1871 to 1888 to estimate a differentiated product demand system. T...

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Detalles Bibliográficos

Publicado en:	Oxford Economic Papers Vol. 73; no. 2; pp. 879 - 903
Autores principales:	Ciccarelli, Carlo, Fraja, Gianni De, Tiezzi, Silvia
Formato:	Artículo
Publicado:	Oxford University Press / USA Apr2021
Materias:	Monopolies Profit maximization Demand function Price marks Government revenue Price discrimination
Acceso en línea:	Ver este registro en EBSCOhost