Ramsey Pricing

Discipline: Economics

Named after English economist Frank Ramsey (1903-1960), Ramsey pricing is concerned with prices that maximize the sum of industry consumer surplus and profits.

Also see: average cost pricing, cost-push inflation, marginal cost pricing

Source:
F Ramsey, 'A Contribution to the Theory of Taxation', Economic Journal, 37 (March, 1927), 47-61

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