Frischmann, Brett M.; Hogendorn, Christiaan - In: Journal of Economic Perspectives 29 (2015) 1, pp. 193-206
From 1938 to 1950, there was a spirited debate about whether decreasing-average-cost industries should set prices at marginal cost, with attendant subsidies if necessary. In 1938, Harold Hotelling published a forceful and far-reaching proposal for marginal cost pricing entitled "The General...
