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The Theory of public utility pricing

By: Contributor(s): Material type: TextTextPublication details: Cambridge Cambridge University Press 1986Description: vi, 252 pISBN:
  • 9780521314008
Subject(s): DDC classification:
  • 338.433636
Summary: Debate about deregulation has focused considerable attention on the pricing policies of public utilities. Much work has been done by economists on this subject, and in this book the results of that research are presented and made accessible to students of economics. The main subject is the policy to be followed by a regulated monopoly, but the analysis is broadened to take account of a fringe of competitive suppliers, making it relevant to electric utilities and local telephone companies in the US, to PTT's in Europe, to the possible privatization of telecommunications in Australia, and to the telecommunications structure in the UK where the dominant supplier has recently been privatized. The book gives a unified and simplified exposition of the modern theory of efficient pricing which is not available elsewhere. The theoretical discussion is supplemented by numerical simulation comparing Fully Distributed Cost Pricing, Ramsey Pricing, and Optimal Non-uniform Pricing.
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 22-A / Slot 880 (0 Floor, East Wing) General Stacks 338.433636 B7T4 (Browse shelf(Opens below)) Available 163241

Debate about deregulation has focused considerable attention on the pricing policies of public utilities. Much work has been done by economists on this subject, and in this book the results of that research are presented and made accessible to students of economics. The main subject is the policy to be followed by a regulated monopoly, but the analysis is broadened to take account of a fringe of competitive suppliers, making it relevant to electric utilities and local telephone companies in the US, to PTT's in Europe, to the possible privatization of telecommunications in Australia, and to the telecommunications structure in the UK where the dominant supplier has recently been privatized. The book gives a unified and simplified exposition of the modern theory of efficient pricing which is not available elsewhere. The theoretical discussion is supplemented by numerical simulation comparing Fully Distributed Cost Pricing, Ramsey Pricing, and Optimal Non-uniform Pricing.

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