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The short-run approach to LRMC pricing for multiple outputs with nondifferentiable costs
Abstract
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 pricing is applied to peak-load pricing with storageSimilar works
This paper was published in LSE Research Online.
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