Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

Competitive Significance of Substitutes for Public Utility Service

B. N. Behling
The American Economic Review
Vol. 27, No. 1 (Mar., 1937), pp. 17-30
Stable URL: http://www.jstor.org/stable/1803814
Page Count: 14
  • Download ($10.00)
  • Subscribe ($19.50)
  • Cite this Item
Competitive Significance of Substitutes for Public Utility Service
Preview not available

Abstract

Within the last decade two conflicting lines of thought bearing on the economics of public utility enterprises have appeared. It has been claimed that these industries no longer are essentially monopolistic because of new manifestations of competition; simultaneously, efforts have been made to develop a systematic theory of monopolistic competition. The application of the latter doctrine should shed some light on the former contention. Public utility services are, in most cases,sharply differentiated from substitutes in important respects; and this means that while markets may overlap, normal competition is chiefly at the borderlines. In the public utility industries, wherein important technological changes and shifts in demand have been characteristic, perfunctory analysis may result in confusing competition with the process of economic displacement or exclusion. It maybe questioned, also, whether the seeming prevalence of close competition is not traceable to monopolistic policies; artificial market relationships may easily be mistaken for competition.

Page Thumbnails

  • Thumbnail: Page 
17
    17
  • Thumbnail: Page 
18
    18
  • Thumbnail: Page 
19
    19
  • Thumbnail: Page 
20
    20
  • Thumbnail: Page 
21
    21
  • Thumbnail: Page 
22
    22
  • Thumbnail: Page 
23
    23
  • Thumbnail: Page 
24
    24
  • Thumbnail: Page 
25
    25
  • Thumbnail: Page 
26
    26
  • Thumbnail: Page 
27
    27
  • Thumbnail: Page 
28
    28
  • Thumbnail: Page 
29
    29
  • Thumbnail: Page 
30
    30