J. M. Clark, “Studies in the Economics of Overhead Costs,” The University of Chicago Press, Chicago, 1923.
has been cited by the following article:
TITLE: A Model Illustrating Consumer Inconstancy: Demand and Supply Sides
AUTHORS: Gerald Aranoff
KEYWORDS: Competitive Manufacturing; Output Flexibility; Demand Fluctuations; Marginal Cost Pricing; Cost Curves
JOURNAL NAME: Modern Economy, Vol.4 No.12, December 13, 2013
ABSTRACT: John M. Clark in his classic 1923 Economics of Overhead Costs asks if anyone knows what it costs to supply demand irregularity. He also asks if consumers need demand irregularity, consciously or unconsciously. We provide a model for a plausible theoretical basis to begin to answer each question. The models permit mathematical proofs and graphic demonstrations of the costs to society of supplying for demand irregularity and of the willingness to pay on the part of consumers for demand irregularity. JEL (D24).