Considers two propositions to see what the optimal level of government for the production of collectively produced goods is. Situations where economies of scale are not exhausted and where it is thus more costly to supply the service on a smaller scale; situations where segregation of consumers...

A Laspeyres index of total input in the electric power industry was constructed. The nature of the bias imbedded in such an index, and its relation to the Paasche index and its bias, are investigated. Means to evaluate the actual size of the bias and means to reduce it are devised

There are many economic activities where the cost function can be approximated by a fixed initial cost and a constant (sometimes zero) marginal cost as with book publishing, public utilities, and innovations. In the absence of technical advance, an economy that grows in scale could nevertheless...

We should first note that if one does not view expenditures on quality, location, or promotion as utility-generating expenditures, misallocation occurs by definition. We will follow Demsetz, however, in proposing that such expenditures, including those on promotion, do in fact generate utility....

The "backward bending" supply curve of labor is now accepted as a matter of course by most economists. it has no doubt been perplexing to observe that most commonly employed types of utility functions do not yield such curves under the usual textbook analysis of the problem. Particular...