Marginal Cost in the New Economy

This volume presents an approach for resolving a variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currenly employed to measure the costs and benefits of disputed policy issues.

Roger L. Conkling

Chapter 1 The Challenge to Orthodoxy; Chapter 2 Reflections on the Summers Thesis; Chapter 3 Marginal Costs and Marginalism; Chapter 4 Achieving Economic Efficiency in Regulated Pricing, Alfred E. Kahn; Chapter 5 School Vouchers; Chapter 6 Special Cases; Chapter 7 Antitrust; Chapter 8 Concluding Thoughts;