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This paper describes a new method of utility pricing – Variable Unit Pricing (VUP) – that results in both economic efficiency and cost recovery for a variety of supply situations faced by water utilities. The main advantage of VUP – compared to Increasing Block Rates – is that its parameters...
Persistent link: https://www.econbiz.de/10014587503
"This paper reports the design and testing of a coordination process for finding a group agreement simultaneously about cost sharing and the nature of a shared good. The process was designed to search for a cost sharing equilibrium, a particular type of Pareto optimum. The cost share equilibrium...
Persistent link: https://www.econbiz.de/10009468385
"We propose a regional cooperative water management system that combines aspects of a nonprofit regional utility and a representative governing body. The conceptual basis is temporal economic efficiency. To help the utility make acceptable management decisions, a representative body of water...
Persistent link: https://www.econbiz.de/10009468386
"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study individual or group behavior in such contexts may also want to...
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Nonmarket goods include quality aspects of market goods and public goods which may be substitutes or complements for private goods. Traditional methods of measuring benefits of exogenous changes in nonmarket goods are based on Marshallian demand: change in spending on market goods or change in...
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