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Final report of the Hills Independent Fuel Poverty Review: Getting the Measure of Fuel Poverty
The review confirms that fuel poverty is a serious national problem and shows that it is set to rise rapidly. It affects people with low incomes and energy costs above typical levels. It proposes a new way of measuring t...Read more...
1 March 2012
Theoretical Economics Paper
The Short-Run Approach to LRMC Pricing for Multiple Outputs with Nondifferentiable Costs
Anthony Horsley and Andrew J Wrobel
Using convex calculus, we extend the Wong-Viner Theorem to nondifferentiable costs by equating the capital inputs' rental prices to their profit-imputed marginal values. Thus extended, the short-run approach to LRMC pric...Read more...