The economics of public utilities
- ISBN: 9781840649086
- Editorial: Edward Elgal Publishing Limited
- Fecha de la edición: 2006
- Lugar de la edición: Northhampton. España
- Colección: The international library o critical writings in economics
- Encuadernación: Cartoné
- Volumen: 2
- Nº Pág.: 1200
- Idiomas: Inglés
Public utilities supply a set of goods and services that are central to the workings of a modern economy. Their importance in the economy's structure is matched by the interest and complexity of the problems they present for the ecomic analysis. This two-volume set includes the most important and influential papers in the development of public utilities economics. It includes early contribution on marginal cost pricing as well as its later extensions dealing with peak loads, financial constrain, indivisibilities, uncertainty, and non linear tariffs. The selection includes a balance between partial and general equilibrium analysis. More recent game theoretic approaches to some of the classic problems are also included. Three important types of public utility-electricity, telephones and rail transport-are covered in some depth.
Ed. Ray Rees
