Journal Article Peak Loads and Efficient Pricing: A Prior Contribution Get access Jack Hirshleifer Jack Hirshleifer University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 73, Issue 3, August 1959, Pages 497–498, https://doi.org/10.2307/1880617 Published: 01 August 1959

Journal Article Peak Loads and Efficient Pricing: Comment Get access Jack Hirshleifer Jack Hirshleifer University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 72, Issue 3, August 1958, Pages 451–462, https://doi.org/10.2307/1882234 Published: 01 August 1958

I. Introduction, 596. — II. The convex coat isoquant, 599. — III. Equilibrium conditions, 602. — IV. Utility function, 604. — V. Conclusion, 606.

The paper presents the contention that at least a partial way out of the present impasse on the question of passive defense would be to offer war damage insurance to protect property-owners from the chance distribution of losses due to enemy action. It is shown that an appropriate method of insuring property against war damage can be expected, over a period of years, to encourage purely private actions which will, aside from any governmental measures, tend to reduce the physical and economic vulnerability of our cities and industry to enemy bombing.