A number of studies have evaluated the social welfare impact of price and income changes using equivalent incomes that … are computed at some reference price vector, and an aggregator with these equivalent incomes as arguments in place of a … social welfare function. This paper investigates the impact of the choice of the reference price vector on the results of …

rise for the firm that serves most of them. Secondly, we study asymmetric price adjustment opportunities via a two …

Pass-through determines how consumers respond to taxes. We investigate the impact of imperfect price information on …-informed consumers. Pass-through is higher for the minimum price, paid by well-informed consumers, than for the average price, paid by … uninformed consumers. Moreover, pass-through to the average price is non-monotonic with respect to the number of sellers. An …