A State Preference Approach to Public Utility Pricing and Investment Under Risk

This note formulates the problem of public utility pricing and investment under risk in terms of the "state preference" approach. Price is assumed to be set after, rather than before, demand is observed. The model is more general, and the results are obtained more immediately, than in a previous formulation.

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Year of publication:	1972
Authors:	Littlechild, Stephen C.
Published in:	Bell Journal of Economics. - The RAND Corporation, ISSN 0361-915X. - Vol. 3.1972, 1, p. 340-345
Publisher:	The RAND Corporation

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005732164