Construct · 1 fields · 1 citations

peak-load pricing: a standalone construct

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Industrial organization

charging higher prices in periods of peak demand when capacity is binding and lower prices off-peak.

In industrial organization, peak-load pricing refers to charging higher prices in periods of peak demand when capacity is binding and lower prices off-peak. This meaning comes from Steiner (1957) in The Quarterly Journal of Economics.[1]

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Nearby constructs

surge4 fields · 6 citationsjingle · one word, four constructs binding4 fields · 4 citationsjingle · one word, four constructs capacity5 fields · 8 citationsjingle · one word, four limits

References

Steiner, P. O. (1957). Peak Loads and Efficient Pricing. The Quarterly Journal of Economics, 71(4), 585. https://doi.org/10.2307/1885712

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