Locational Marginal Pricing, A Sore Point

Michael Giberson The cost of transportation, particularly when it is a significant part of the overall cost of a product, provides an incentive to try to place production facilities close to the final consumer. Of course, often it costs much more to build big production facilities close to consumers instead of further out, and consumers … More Locational Marginal Pricing, A Sore PointMore Locational Marginal Pricing, A Sore Point