DOES EFFICIENT PEAK-LOAD PRICING INVOLVE DISCRIMINATION,
RAND CORP SANTA MONICA CALIF
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It is contended that the efficient price differences in a peak-load situation shown in Steiners 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.