Kleindorfer, Paul R; Fernando, Chitru S - In: Journal of Regulatory Economics 5 (1993) 1, pp. 5-23
This paper develops the welfare foundations of peak-load pricing under uncertainty, building on Brown and Johnson (1969), Crew and Kleindorfer (1976), and Chao (1983). The context is that of a welfare-maximizing public enterprise facing uncertain and nondeferrable demand, and uncertain supply....