Titlebook: Welfare Economics in Theory and Practice; Catherine M. Price Textbook 1977Latest edition Catherine M. Price 1977 econometrics.economic pol

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Exploiting the United Kingdom’s Oil Reserveshey can be examined to shed some light on how Government may view the decisions and compromises it has to make. The subject of this chapter, however, is a less well established one, so that in this case the discussion takes the form mainly of posing questions rather than suggesting solutions.

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Catherine M. Price 1977

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Efficiency in a Dynamic Economy by the distribution of a given number of resources. In practice the stock of resources can be used at different rates and in different ways to give various output totals and mixes at different points in time. This chapter is concerned with the principles and problems of extending Paretian criteria to this more realistic situation.

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Peak-Load PricingThe issue of peak pricing is one which has often been raised as part of the marginal-cost-pricing controversy; it illustrates well some of the basic principles of price policy, as well as some pitfalls which exist in its application, and this chapter is in some ways an extension of the themes introduced in Chapter 7.