Prices and Planning

Ray Rees

Chapter 8 in Strategic Planning in Nationalised Industries, 1984, pp 163-179 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to examine, in the context of three major nationalised industries, the problems which arise in incorporating prices into the long-run planning process. I begin by setting out a simple theoretical model of the process, based on the standard economic analysis of pricing and investment decisions, and examine the role that prices play in this model. The model provides a framework within which to consider the actual planning processes of the three industries — electricity, coal and gas — in the next three sections. The final section then summarises the main conclusions on the ways in which prices have been treated in the planning processes of these industries.

Keywords: Marginal Cost; Electricity Price; Price Policy; Input Price; Demand Forecast (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07114-2_9

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DOI: 10.1007/978-1-349-07114-2_9

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