Accession Number : AD0606532

Title :   DOES EFFICIENT PEAK-LOAD PRICING INVOLVE DISCRIMINATION,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Hirshleifer,Jack

Report Date : 09 SEP 1957

Pagination or Media Count : 14

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.

Descriptors :   (*ECONOMICS, THEORY), COSTS, CONSUMPTION, COMMERCE, MONEY

Distribution Statement : APPROVED FOR PUBLIC RELEASE