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Water Rates—An Evaluation of Options
Author(s) -
Mann Patrick C.
Publication year - 1977
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.1977.tb06683.x
Subject(s) - equity (law) , value (mathematics) , economics , internal rate of return , econometrics , actuarial science , microeconomics , mathematics , statistics , production (economics) , political science , law
The optimum rate structure depends on the criteria that are imposed in the rate‐determination process. Various rate‐structure options, such as flat charges, block rates, demand rates, and social pricing, are discussed with regard to cost of service, efficiency, equity, and feasibility. Such categories of criteria are neither absolute nor totally compatible; the selection and application of criteria for the development of a rate structure involves value judgements.