EconPapers    
Economics at your fingertips  
 

A Note on Marginal Valuation of Underpriced Facilities

John G. Hof and John Loomis

Public Finance Review, 1986, vol. 14, issue 4, 489-498

Abstract: This article points out that in a number of previous works on public investment criteria for underpriced facilities there is an implicit assumption that individuals demand either zero units or one unit of facility capacity. It is shown that if this assumption does not hold, previously identified investment criteria may at times be in error, because within-individual ordering of consumption units is not accounted for. Several different nonprice rationing schemes are discussed in which this assumption is not made, and solutions are presented that account for within-individual ordering of consumption units.

Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/109114218601400408 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:14:y:1986:i:4:p:489-498

DOI: 10.1177/109114218601400408

Access Statistics for this article

More articles in Public Finance Review
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2022-09-29
Handle: RePEc:sae:pubfin:v:14:y:1986:i:4:p:489-498