Joint and Overhead Cost and Railway Rate Policy

Donald H. Wallace

The Quarterly Journal of Economics, 1934, vol. 48, issue 4, 583-619

Abstract: I. Introductory: definitions, 583. — Issue of discrimination versus uniformity only resolvable by precise distinction between joint and overhead cost, 585. II. Joint and overhead cost distinguished, 586; — joint cost, overhead cost, and monopoly all influence pattern of discrimination, 589; — true instances of joint supply, 592. — III. With overhead cost alone discrimination should be adjusted to the degree of utilization, 594; — the case of a single road with a given investment, 595; — proper and improper rate policy, 597; — marginal cost a useful tool for determining proper degree of discrimination, 599. — IV. Problems presented by discontinuity in expansion, 602; — different degrees of discontinuity, 604. — V. Qualifications of the proper rate policy for: different divisions, 609; — competing routes, 611. — VI. Complications presented by time jointness, 613; — unlikely that discrimination should ever give way wholly to uniformity, 614; — stability, 616.

Date: 1934
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