{"title":"A State Preference Approach to Public Utility Pricing and Investment under Risk","authors":"S. Littlechild","doi":"10.2307/3003084","DOIUrl":null,"url":null,"abstract":"This note formulates the problem of public utility pricing and investment under risk in terms of the \"state preference\" approach. Price is assumed to be set after, rather than before, demand is observed. The model is more general, and the results are obtained more immediately, than in a previous formulation.","PeriodicalId":254823,"journal":{"name":"The Bell Journal of Economics and Management Science","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"14","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Bell Journal of Economics and Management Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2307/3003084","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 14
Abstract
This note formulates the problem of public utility pricing and investment under risk in terms of the "state preference" approach. Price is assumed to be set after, rather than before, demand is observed. The model is more general, and the results are obtained more immediately, than in a previous formulation.