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Was Jules Dupuit a Market Socialist: A Retrospective Note on Marginal Cost Pricing

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  • Clarence Morrison

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Abstract

This paper examines the extent to which Dupuit preceded Hotelling in the theory of marginal cost pricing and the relation of marginal cost pricing to the Pigou–Robinson definition of exploitation, Coase’s multipart pricing, and the Kaldor compensation principle. Tsuneki’s partial rehabilitation of Hotelling’s proof of MC pricing is partially endorsed. Copyright International Atlantic Economic Society 2008

Suggested Citation

  • Clarence Morrison, 2008. "Was Jules Dupuit a Market Socialist: A Retrospective Note on Marginal Cost Pricing," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(1), pages 31-39, March.
  • Handle: RePEc:kap:atlecj:v:36:y:2008:i:1:p:31-39
    DOI: 10.1007/s11293-007-9099-1
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    File URL: http://hdl.handle.net/10.1007/s11293-007-9099-1
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    References listed on IDEAS

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    1. repec:ucp:bkecon:9780226199993 is not listed on IDEAS
    2. Tsuneki, Atsushi, 2001. "A Partial Rehabilitation of Hotelling's MC-Pricing Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(1), pages 237-244, February.
    3. R. B. Ekelund & Jr., 1968. "Jules Dupuit and the Early Theory of Marginal Cost Pricing," Journal of Political Economy, University of Chicago Press, vol. 76, pages 462-462.
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    Keywords

    Marginal cost pricing; Pareto optimality; Welfare optimization; B10; B12; B13; B14; B24; B25;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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