Abstract
In his opening remarks, M. Boiteux indicated that Electricité de France invested about 4 billion dollars per year, and the gestation lag until these investments generated income was up to 6 years in the case of nuclear power plants. In making investment decisions of that order of magnitude, intuition could be useful to some extent, but was insufficient by itself. Mistakes were very costly, and sophisticated planning models played an essential role in reducing costs.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Editors and Affiliations
Copyright information
© 1980 International Economic Association
About this chapter
Cite this chapter
Baumol, W.J. (1980). Discussion of M. Boiteux’s Paper. In: Baumol, W.J. (eds) Public and Private Enterprise in a Mixed Economy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16394-6_14
Download citation
DOI: https://doi.org/10.1007/978-1-349-16394-6_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-16396-0
Online ISBN: 978-1-349-16394-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)