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On the Optimal Size of Underpriced Facilities.

This article outlines the efficiency criteria for determining the optimal size of facilities where use is rationed by means of wasted time. When consumers pay time rather than money, the demand curve--that is, the willingness- to-pay-money curve--is no longer the correct measure of the marginal bene...

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Published in:American Economic Review Vol. 67; no. 4; pp. 753 - 761
Main Author: Porter, Richard C.
Format: Article
Published: American Economic Association Sep77
Subjects:
Building utilization
Facilities
Demand function
Economic demand
Congestion pricing
Consumers
Online Access:View this record in EBSCOhost