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 economic analysis. This two-volume
set includes the most important and influential papers in the
development of public utilities economics. It includes early
contributions on marginal cost pricing as well as its later
extensions dealing with peak loads, financial constraints,
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. This important collection will be a valuable
reference source to researchers and policymakers alike.
General
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