Sie können Bookmarks mittels Listen verwalten, loggen Sie sich dafür bitte in Ihr SLUB Benutzerkonto ein.
Medientyp:
E-Artikel
Titel:
A note on capital indivisibility and the definition of marginal cost
Beteiligte:
Mann, Patrick C.;
Saunders, Robert J.;
Warford, Jeremy J.
Erschienen:
American Geophysical Union (AGU), 1980
Erschienen in:
Water Resources Research, 16 (1980) 3, Seite 602-604
Sprache:
Englisch
DOI:
10.1029/wr016i003p00602
ISSN:
0043-1397;
1944-7973
Entstehung:
Anmerkungen:
Beschreibung:
Ambiguity in the interpretation of marginal cost emerges where capital indivisibility is present. The indivisibility condition is particularly applicable to new water projects in which large capital investments are required to place a central system into full operation. Marginal cost is defined in four ways. The definitions all incorporate future costs and output only; the definitions vary in the extent to which they focus on short‐run versus long‐run allocative efficiency, and in the extent to which they attempt to minimize price fluctuations in the context of lumpy investments.