A State Preference Approach to Public Utility Pricing and Investment Under Risk

Stephen Littlechild

Bell Journal of Economics, 1972, vol. 3, issue 1, 340-345

Abstract: This note formulates the problem of public utility pricing and investment under risk in terms of the "state preference" approach. Price is assumed to be set after, rather than before, demand is observed. The model is more general, and the results are obtained more immediately, than in a previous formulation.

Date: 1972
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