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Commons Management and Infrastructure Pricing

Brett M. Frischmann

in Infrastructure: The Social Value of Shared Resources

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199895656
eISBN:
9780199933280
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199895656.003.0007
Subject:
Law, Environmental and Energy Law

This chapter addresses three complicated issues concerning commons management and infrastructure pricing. First, it examines how commons management interacts with different forms of price ... More


Applied Welfare Economics

Chris Jones

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.001.0001
Subject:
Economics and Finance, Public and Welfare

Important results in the applied welfare literature are used to extend a conventional Harberger cost-benefit analysis. A conventional welfare equation is obtained for marginal policy changes in a ... More


Conclusion

Martine Quinzii

in Increasing Returns and Efficiency

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.003.0007
Subject:
Economics and Finance, Financial Economics

The general equilibrium analysis presented in this book shows that there are even more problems in using marginal cost pricing with increasing returns technologies than has been discussed at the time ... More


Political Economy and the Marginal Cost Pricing Controversy

Jean‐Jacques Laffont

in Incentives and Political Economy

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248681
eISBN:
9780191596575
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248680.003.0006
Subject:
Economics and Finance, Microeconomics

This chapter traces the intellectual history of the marginal cost‐pricing rule from Adam Smith to Hotelling. A democratic game is modelled under imperfect information and incentive constraints and it ... More


The Pricing and Employment Behaviour of Firms

Richard Layard, Stephen Nickell, and Richard Jackman

in Unemployment: Macroeconomic Performance and the Labour Market

Published in print:
2005
Published Online:
October 2011
ISBN:
9780199279166
eISBN:
9780191700033
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199279166.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

The main features of pricing behaviour are the long-term impacts of the demand on prices, the level to which prices are sticky in response to nominal shocks, and the degree to which prices respond ... More


The Marginal Social Cost of Public Funds

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0007
Subject:
Economics and Finance, Public and Welfare

In public economics applications, the MCF is frequently used to compute the cost to private surplus of raising an additional dollar of government revenue. One of the most common examples is provided ... More


The Optimal Provision of Public Goods

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0010
Subject:
Economics and Finance, Public and Welfare

Government provision of a pure public good is a popular application in public economics because it combines public spending and taxation in a single project. This chapter uses shadow pricing rules ... More


Problems

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0011
Subject:
Economics and Finance, Public and Welfare

This chapter provides a set of questions drawn from material presented in previous chapters. Most are designed to emphasize important points, and to illustrate practical examples of applied welfare ... More


Cost, Profitability, and Break-Even Analysis

Hrishikes Bhattacharya

in Banking Strategy, Credit Appraisal, and Lending Decisions: A Risk–Return Framework

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198074106
eISBN:
9780199080861
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198074106.003.0015
Subject:
Economics and Finance, Financial Economics

It is important for a banker to make a marginal analysis of the profitability for a deeper understanding of the cost and profit behaviour of a business or a product. This chapter introduces the ... More


The Marginal Cost of Public Funds: Theory and Applications

Bev Dahlby

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262042505
eISBN:
9780262271141
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262042505.001.0001
Subject:
Economics and Finance, Econometrics

The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts ... More


Introduction

Martine Quinzii

in Increasing Returns and Efficiency

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.003.0001
Subject:
Economics and Finance, Financial Economics

The passage to an industrial mode of production which began in the eighteenth century involved exploiting the presence of a zone of increasing returns to scale which exists in most industrial ... More


Marginal Cost Pricing Equilibrium

Martine Quinzii

in Increasing Returns and Efficiency

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.003.0003
Subject:
Economics and Finance, Financial Economics

This chapter shows how first order-conditions for optimality lead naturally to a concept of equilibrium, which has come to be known as a marginal cost pricing equilibrium. Two conceptual difficulties ... More


Cost of Capital

H. Kent Baker, J. Clay Singleton, and E. Theodore Veit

in Survey Research in Corporate Finance: Bridging the Gap between Theory and Practice

Published in print:
2010
Published Online:
May 2011
ISBN:
9780195340372
eISBN:
9780199894215
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195340372.003.0004
Subject:
Economics and Finance, Financial Economics

This chapter reviews the findings of academic surveys of corporate executives indicating the estimation and use of cost of capital (also known as weighted average cost of capital or WACC). The ... More


What Price is Just?

Mark R. Reiff

in Exploitation and Economic Justice in the Liberal Capitalist State

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199664009
eISBN:
9780191751400
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199664009.003.0005
Subject:
Political Science, Political Theory

This chapter discusses the critical element of price, rejects the idea that the market price is necessarily just, and develops a new, objective cost-of-production-based conception of what makes the ... More


Necessary Conditions for Efficiency

Martine Quinzii

in Increasing Returns and Efficiency

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter discusses the general equilibrium version of the marginal cost principle, which asserts that marginal cost pricing is a necessary condition for efficiency. It shows that to every Pareto ... More


The Production Decisions of Competitive Firms

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0005
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence the production decisions of competitive firms. It explains that a firm is usually assumed to produce the quantity of output that maximizes its profit, ... More


Economics and efficiency

Jan Abel Olsen

in Principles in Health Economics and Policy

Published in print:
2017
Published Online:
September 2017
ISBN:
9780198794837
eISBN:
9780191836329
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198794837.003.0002
Subject:
Public Health and Epidemiology, Public Health, Epidemiology

This chapter, the longest in the book, explains the fundamentals of microeconomics and its application to the analysis of health and healthcare. The concepts of scarcity and opportunity costs lie at ... More


Advanced Cost-Effectiveness Analysis

Diana B. Petitti

in Meta-Analysis, Decision Analysis, and Cost-Effectiveness Analysis

Published in print:
1999
Published Online:
September 2009
ISBN:
9780195133646
eISBN:
9780199863761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195133646.003.12
Subject:
Public Health and Epidemiology, Public Health, Epidemiology

This chapter introduces more advanced methods used in conduct of cost-effectiveness analyses that are built on the results of decision analysis. It describes the main types of cost analysis used to ... More


Over-Arching Issues

Anthony B. Atkinson

in New Sources of Development Finance

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199278558
eISBN:
9780191601590
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199278555.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter, together with chs. 10 to 11, approaches the question of development funding in a theoretical way, rather than by examining individual proposals for sources. Chapter 2 itself deals with ... More


Conceptual Foundations of the MCF

Bev Dahlby

in The Marginal Cost of Public Funds: Theory and Applications

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262042505
eISBN:
9780262271141
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262042505.003.0002
Subject:
Economics and Finance, Econometrics

This chapter explains the theoretical foundations of the marginal cost of public funds (MCF) using the tools of welfare economics. The discussions cover the excess burden of taxation; optimal ... More


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