DOES EFFICIENT PEAK-LOAD PRICING INVOLVE DISCRIMINATION,
Abstract
It is contended that the efficient price differences in a peak-load situation shown in Steiner's analysis are not discriminatory because they are e ere equal to the differences in the marginal cost of serving the classesessasses of customers involved. By marginal cost is meant, ultimately, the marginal opportunity cost--the value set upon the resource by the customer in the most valuable alternative use being sacrificed.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 09, 1957
- Accession Number
- AD0606532
Entities
People
- Jack Hirshleifer
Organizations
- RAND Corporation