IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v41y1926i1p30-62..html
   My bibliography  Save this article

The Nature and Fundamental Elements of Costs

Author

Listed:
  • Raymond T. Bye

Abstract

The historical development of the theory of costs has been away from the disutility analysis of the classicists. — The view that costs are payments for the means of production, arising out of the resistances which they occasion, and set in a competitive price-bidding process, 36. — These resistances resolved into eight scarcity-factors, which are the fundamental elements of costs, 41. — The analysis applied to costs encountered in business enterprise: wages, interest, rents, depreciation, insurance, taxes, and profits. — All can be broken down into the eight elements named 47. — The introduction of monopoly profits into the prices of materials necessitates a distinction between competitive and restrictive costs, 59. — This analysis of costs suggests that an approach to the theory of distribution along similar lines would be fruitful, 62.

Suggested Citation

  • Raymond T. Bye, 1926. "The Nature and Fundamental Elements of Costs," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 41(1), pages 30-62.
  • Handle: RePEc:oup:qjecon:v:41:y:1926:i:1:p:30-62.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1885552
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Klaus Eisenack & Mathias Mier, 2019. "Peak-load pricing with different types of dispatchability," Journal of Regulatory Economics, Springer, vol. 56(2), pages 105-124, December.
    2. Correia-da-Silva, João & Soares, Isabel & Fernández, Raquel, 2020. "Impact of dynamic pricing on investment in renewables," Energy, Elsevier, vol. 202(C).
    3. Tchai Tavor & Limor Dina Gonen & Uriel Spiegel, 2019. "Optimal Pricing and Capacity Under Well-Defined and Well-Known Deterministic Demand Fluctuations," Review of European Studies, Canadian Center of Science and Education, vol. 11(2), pages 1-15, December.
    4. Chao, Hung-po, 2011. "Efficient pricing and investment in electricity markets with intermittent resources," Energy Policy, Elsevier, vol. 39(7), pages 3945-3953, July.
    5. Mier, Mathias, 2021. "Efficient pricing of electricity revisited," Energy Economics, Elsevier, vol. 104(C).
    6. Mathias Mier, 2018. "Policy Implications of a World with Renewables, Limited Dispatchability, and Fixed Load," Working Papers V-412-18, University of Oldenburg, Department of Economics, revised Jul 2018.
    7. Antweiler, Werner & Muesgens, Felix, 2021. "On the long-term merit order effect of renewable energies," Energy Economics, Elsevier, vol. 99(C).
    8. Schlereth, Christian & Skiera, Bernd & Schulz, Fabian, 2018. "Why do consumers prefer static instead of dynamic pricing plans? An empirical study for a better understanding of the low preferences for time-variant pricing plans," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1165-1179.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:41:y:1926:i:1:p:30-62.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.