IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-15603-0_12.html
   My bibliography  Save this book chapter

A ‘Representative’ Model of Average-Cost Pricing

In: Modern Microeconomics

Author

Listed:
  • A. Koutsoyiannis

    (University of Waterloo)

Abstract

Average-cost pricing models have been developed by various writers.1 Their basic characteristic is the postulate that price is set according to the average-cost principle The firm sets a price equal to its total average cost which includes a certain net profit margin. This pricing behaviour is assumed by the writers in this field to be different than the marginalist behaviour of the traditional theory of the firm. We will return to this point in section IV of this chapter, where we attempt to compare the average-cost theories with other theories of the firm.

Suggested Citation

  • A. Koutsoyiannis, 1975. "A ‘Representative’ Model of Average-Cost Pricing," Palgrave Macmillan Books, in: Modern Microeconomics, chapter 12, pages 271-281, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15603-0_12
    DOI: 10.1007/978-1-349-15603-0_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-1-349-15603-0_12. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.