Optional time-of-use pricing can be pareto superior or pareto inferior
MacKie-Mason, Jeffrey K.
1990-08
Citation: MacKie-Mason, Jeffrey K. (1990/08)."Optional time-of-use pricing can be pareto superior or pareto inferior." Economics Letters 33(4): 363-367. <http://hdl.handle.net/2027.42/28449>
Abstract: Many public utilities offer a choice between time-of-use and flat rates. Two points are established: (1) optional TOU (time-of-use) schedules exist that Pareto dominate both mandatory flat and mandatory TOU rates; but, (2) optional TOU prices based on marginal costs can be welfare-decreasing, even Pareto inferior.
DOIs: http://dx.doi.org/10.1016/0165-1765(90)90089-J
URI: http://www.sciencedirect.com/science/article/B6V84-4590VKM-HN/2/99022400597caa60bfdf0b153a0b5475
Handle: http://hdl.handle.net/2027.42/28449
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