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Public Utility Pricing and Output Under Risk.

The theory of publicly produced private goods is still in its infancy, a stepchild of the general equilibrium competitive model of privately produced private goods. Any public authority that produces and sells a private good will discharge its responsibility in an optimal manner when it acts as if i...

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Published in:American Economic Review Vol. 59; no. 1; pp. 119 - 129
Main Authors: Brown Jr., Gardner, Johnson, M. Bruce
Format: Article
Published: American Economic Association Mar1969
Subjects:
Public utilities
Pricing
Demand function
Production (Economic theory)
Economics
Risk
Cost analysis
Public welfare policy
Government corporations
Economic equilibrium
Online Access:View this record in EBSCOhost