Index 



283 



countervailing power, 46 



credit (see also consumer credit, in- 

 stallment credit; interest rates; ra- 

 tioning of credit): credit availability, 

 73n; credit companies, interest rates 

 of. 83 



critical period. See under hydroelectric 

 power 



The Dalles Dam, 137n, 139 



Dam Act of 1906, 134n 



dams (see also hydroelectric power; 

 reservoirs; storage): indivisibility in 

 construction of, 55, 55n 



debt {see also debt financing; debt 

 service charges); asset position of in- 

 come classes, 94-96, 102-104, Tables, 

 94, 98, 104; for consumption pur- 

 poses, 104; personal, composition of, 

 95 



debt financing, and investment deci- 

 sions, 47-48 



debt service charges and rate of return, 

 ratioof, 209-10, 217 



declining average costs, 46, 74 



decreasing-cost industries, 46, 59, 59n, 

 212n 



demand function, linear, 74, 155n 



depletion, estimated, 145 



depreciation: accruals, 264n; allow- 

 ances, 81; charges, of private utili- 

 ties, 221; of durables, 80 



depression, 114, 119; agricultural, 59 



derived demand, 257, 258 



developmental capital, 8, 272 



developmental funds. See federal 

 funds; public funds 



diminishing marginal satisfaction, 18 



diminishing returns, 27-30, 31, 149 



discontinuities, in relation between 

 scale and net gains, 76, 191/i 



discount factor, 152 



discriminatory pricing, 155n 



diseconomies, external, 54rz, 70, 74, 266 



disposable income, 118n, 128 



distribution, efficient, marginal condi- 

 tions for, 192 



dividend recipients, effect of corpora- 

 tion tax cut on, 111-12, Table, 113 



dividends, distribution of, 228 



divisibility, assumption of, 45, 61 



Dobb, M., 92n 



Downs, Anthony, 49n 



downstream power generation. See 



under hydroelectric power 

 Drake Island site, 177 

 Duesenberry, James, vi, 43n 

 "Duesenberry Effect," 43n 

 dump power, 67 

 dump-power prices, 62 

 dynamic growth effects, 256, 263 



earnings-price ratio on common stock, 



208n, 209, 209n 

 East North Central states, 233 

 Eckstein, Otto, vi, 72n, 73n, 75n, 91n, 



126n, 133n, 144n, 167, 212n 

 economic stabilization, 72n, 90, 114 

 economic wants. See wants, economic 

 economies of scale {see also external 

 economies), 9, 69; and indivisibility, 

 57-58; internal, 71, 75; and technical 

 monopoly, 46 

 effective demand, 119 

 efficiency, economic: 



of alternate development plans: 

 for Alabama-Coosa River system, 



181-92, 196-98; 

 for Hells Canyon, 147-48, 149, 152, 

 154, 156, 159, 163-66; 

 assumptions concerning {see assump- 

 tions); 

 under conditions of less than full 



employment, 51; 

 considerations, in policy decisions, 



277; 

 and consumer preferences, 25; 

 criteria for, 11, 13, 17-41, 53, 61, 133, 

 189: 

 in allocation of factors over time, 



32-40; 

 benefit-cost, 130, 134; 

 and departures from competitive 



conditions, 41-48, 53-68, 72; 

 and income distribution, 49-51, 89, 



125; 

 for private development, 171-72, 



267-68; 

 problems in specifying, 70-72; 

 for public investment, 125, 273; 

 as relevant in this study, 72-73, 



73n; 

 and social criteria {see higher cri- 

 teria, infra); 

 and social welfare, 76-77, 257n; 

 definition of. 16-17, 125; 



