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Nonlinear Pricing and Tariff Differentiation: Evidence from the British Electricity Market
| Content Provider | Semantic Scholar |
|---|---|
| Author | Davies, Stephen Price, Catherine Wilson, Chris M. |
| Copyright Year | 2014 |
| Abstract | Liberalisation of the British household electricity market, in which previously monopolised regional markets were exposed to large-scale entry, is used as a natural experiment on oligopolistic nonlinear pricing. Each oligopolist offered a single two-part electricity tariff, but inconsistent with current theory, the two-part tariffs were heterogeneous in ways that cannot be attributed to explanations such as asymmetric costs or variations in brand loyalty. Instead, the evidence suggests that firms deliberately differentiated their tariff structures, resulting in market segmentation according to consumers' usage. |
| File Format | PDF HTM / HTML |
| DOI | 10.5547/01956574.35.1.4 |
| Alternate Webpage(s) | https://dspace.lboro.ac.uk/dspace-jspui/bitstream/2134/15289/3/Wilson_NonlinearPricing.pdf |
| Alternate Webpage(s) | https://doi.org/10.5547/01956574.35.1.4 |
| Volume Number | 35 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
