Showing 1 - 10 of 62
Indivisible units are produced with increasing marginal costs. Under Average Cost, each user pays average cost. Under Random Priority, users are randomly ordered (without bias) and successively offered to buy at the true marginal cost. Both AC and RP inefficiently overproduce. RP tends to...
Persistent link: https://www.econbiz.de/10014203882
Persistent link: https://www.econbiz.de/10000870955
Persistent link: https://www.econbiz.de/10001584216
Persistent link: https://www.econbiz.de/10009542524
Persistent link: https://www.econbiz.de/10003816569
Persistent link: https://www.econbiz.de/10013445995
Persistent link: https://www.econbiz.de/10001530608
Persistent link: https://www.econbiz.de/10001530953
Persistent link: https://www.econbiz.de/10001448190
Persistent link: https://www.econbiz.de/10001453458