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Sunk? Fixed? Defining costs in infrastructure pricing

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  • Kieran Murray

Abstract

Lawyers learn early in their careers to be clear about the meaning of words. Economists, however, sometimes assume a common understanding of terms when no such understanding exists. The result, Kieran Murray points out, is confused analysis.

Suggested Citation

  • Kieran Murray, 2006. "Sunk? Fixed? Defining costs in infrastructure pricing," Competition & Regulation Times 375605, New Zealand Institute for the Study of Competition and Regulation.
    • Handle: RePEc:vuw:vuwcrt:375605
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    File URL: https://ojs.victoria.ac.nz/crt/article/view/3756
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