Sunk? Fixed? Defining costs in infrastructure pricing

Kieran Murray

No 375605, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Lawyers learn early in their careers to be clear about the meaning of words. Economists, however, sometimes assume a common understanding of terms when no such understanding exists. The result, Kieran Murray points out, is confused analysis.

Date: 2006-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375605

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