Production and Price Policy in Public Enterprise
Bibliographic Data
| ID | 9725204 |
|---|---|
| Authors | Marcus Fleming (corresponding author) |
| Year | 1950 |
| Volume | 17 |
| Issue | 65 |
| Pages | 1 |
| Publication date | 1950-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2550177 |
| OpenAlex | W2332943321 |
| Language | EN |
| Citations received | 2 |
It is perhaps necessary to apologise for prolonging a controversy which has already occupied so much space in the economic periodicals. I do so because what has been called the Hotelling-Lerner theory of marginal cost pricing seems to me to have received, in the course of that controversy, more than its due share of buffeting (though, as the sequel will show, I am not blind to its defects), and because I hope to be able to broaden somewhat the area of agreement among economists. First, let me attempt to formulate the Hotelling-Lerner Rule of optimal output in the most general and least ambiguous way A ssuming that the prices of factors and of products are such as to bring demand and supply into equilibrium an optimal position will result from each enterprise undertaking any changes of input and/or output such that the value of additional outputs less the value of subtractional outputs exceeds the value of additional inputs less the value of subtractional inputs
Economics · Marginal cost · Marginal value · Mathematical economics · Microeconomics · Position (finance) · Production (economics) · Public enterprise · Space (punctuation) · Value (mathematics) · Computer Science · Economic theories and models
| Citations per year | 0.07 |
|---|---|
| Citation span | 1999 - 2001 (3) |
| Highly cited | No |