This is a preview of subscription content, log in via an institution to check access.
References
H. Averch and L. L. Johnson, “Behavior of the Firm Under Regulatory Constraint,”American Economic Review, Vol. 52, December 1962.
E. E. Bailey,Economic Theory of Regulatory Constraint, Lexington, Massachusetts, D. C. Heath, 1973.
M. L. Baughman, P. L. Joskow, and D. P. Kamat,Electric Power in the United States: Models and Policy Analysis, Cambridge, Massachusetts, MIT Press, 1979.
W. J. Baumol and A. K. Klevorick, “Input Choices and Rate of Return Regulation: An Overview,”Bell Journal of Economics, Vol. 1, 1970.
Energy Modeling Forum, “Electric Load Forecasting Probing Issues with Models,” No. 3, Stanford University, April 1979.
H. J. Greenberg, “A Lagrangian Property for Homogeneous Programs,”Journal of Optimization Theory and Applications, Vol. 12, July 1973.
F. H. Murphy and A. L. Soyster, “Extensions and Applications of the Averch-Johnson Model with Leontief Production Functions,” Working Paper, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, 24061, 1981.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Murphy, F.H., Soyster, A.L. Optimal output of the Averch-Johnson model. Atlantic Economic Journal 10, 77–81 (1982). https://doi.org/10.1007/BF02300199
Issue Date:
DOI: https://doi.org/10.1007/BF02300199