The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Peak-Load Pricing

  • Jack Wiseman
Reference work entry


The present-day theory of peak-load pricing is concerned with the identification of the optimal pricing structure for a particular class of products: essentially, commodities the demand for which is episodic (variable by time of day, season, or whatever) and whose technical conditions of production make storage difficult and/or are discontinuous in terms of volume.

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  1. Joskow, P.L. 1976. Contributions of the theory of marginal cost pricing. Bell Journal of Economics 7(1): 197–206.CrossRefGoogle Scholar
  2. Symposium on Peak Load Pricing. 1976. Bell Journal of Economics 7(1): 195–248.Google Scholar
  3. Wiseman, J. 1957. The theory of public utility price – An empty box. Oxford Economic Papers 9: 56–74.CrossRefGoogle Scholar
  4. Wiseman, J., eds. 1983. Beyond positive economics? London: Macmillan.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jack Wiseman
    • 1
  1. 1.