Titlebook: Essays on the Economic Role of Government; Volume 2: Applicatio Warren J. Samuels Book 1992 Warren J. Samuels 1992 decision-making.desegreg

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The Coase Theorem and the Study of Law and Economicsytic meaning and significance of the so-called neutrality theorem, the probative value of its nonnative message and its place in the study of law and economics. Among other things, the chapter will show that the theorem is a very limited partial-equilibrium proposition which concentrates upon certai

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Property Rights, Equity and Public Utility Pricingical implications of particular pricing systems; the latter explore the structure or the functions (goals) of ideal public utility pricing. The one describes what . transpire under a pricing system; the other prescribes what . happen through public utility pricing.

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Survival and Pareto-Optimality in Public Utility Rate Makingmarginal cost pricing; and (2) the way in which marginal cost pricing is to be defined and implemented quantitatively. The purpose of the present article is . to enter directly into either of these controversies, but instead to discuss a logical premise of applied marginalism.

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The Usury Issue in Public Utility Late Payment Chargesescaped consumer regulation. Consumer advocates have argued, ., that the late payment charge is really a form of interest and therefore subject to statutory usury limitations. Courts and commissions have resisted this attack by classifying late charges in other ways, thereby increasing confusion amo

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