288 



MULTIPLE PURPOSE RIVER DEVELOPMENT 



hydroelectric power, cont. 



project output, distribution of, 234- 

 39; 



rate schedules (see power rates); 



retail distribution of electrical en- 

 ergy, 235; 



sale of, to defense agencies, 246; 



secondary and dump power, produc- 

 tion of, 67; 



secondary power revenues, 259n; 



storage facilities (see reservoirs; stor- 

 age); 



Supreme Court rulings, cited, 153n, 

 164n; 



uncompensated gains in development 

 of, 141, 141n, 153, 153n (see also 

 under storage) 



Ice Harbor Dam, 137n 



Idaho Power Company. 61, 180, 268, 

 269; capacity of system, 61; compen- 

 sation of, for factor services, 163-66; 

 franchised territory of, 155-56; and 

 Hells Canyon Reach, provisions of 

 plan for, 136, 137-39, 140-41, 149, 

 Fig., 138 (see also under Hells Can- 

 yon); licensing of, 141, 161-62 



imperfect competition, 45-46 



"imperfect foresight," 47 



income (see also consumer income; in- 

 come distribution; national income; 

 rates of return): disposable, 118n, 

 128; farm, 105; interest, 33; non- 

 wage. Table, 105; personal, per cent 

 distribution of, 229; professional, 

 104-105; property, 104, 107-109, 

 Tables, 105, 108; real, increases in, 

 240; rental, 107; from stock, 84; 

 109n; from unincorporated business, 

 105; wage and salary distribution of, 

 111 



income distribution (see also income 

 redistribution, and under Willamette 

 River project, costs and gains dis- 

 tribution): consequences of public 

 policies for, 196, 200; equality in, 77; 

 equity considerations in, 3, 10, 11-12, 

 14; of family income, and excise tax 

 reduction, 99-101, Table, 101; and 

 government tax policy, 213 



income effect, 10 In 



income elasticity, 99, lOln, Table, 100 



income redistribution, 41, 89, 148, 223, 

 269; 

 under alternative approaches to de- 

 velopment, 211, 234, 262-63; 

 and differences in accounting costs, 



207,211; 

 effects of, on efficiency, 49-51, 125; 

 equity considerations in, 3, 10, 11-12, 



14, 200, 276-77; 

 under federal development, sum- 

 marized, 255-56, 263; 

 justification for, 17; 

 under local public development, 



259n, 263-64; 



among members of society, from 



federal hydroelectric development, 



256-57, 257n; 



and multiplier effects, 90n-9l7j, 118n; 



among owners of capital services, 



256; 

 under private development, 262, 264; 

 toward the future, 126, 142, 143n; 

 from use of public funds, 274-75 



incremental costs and gains, 73, 76, 

 146-47, 151, 152n, 187, 188; compari- 

 son of, 190, 190n-191n 



incremental returns, diminishing, 190n 



independence, assumption of, 43, 61 



indifference curves, 19-20, 20n, 21, 27, 

 33-35, 87 



indifference map. See consumer's pref- 

 erence map 



individual wants, 54 



indivisibility: in dam construction, 55, 

 55n; in distribution, 42; extreme 

 forms of, in multiple purpose de- 

 velopment programs, 134; in Hells 

 Canyon case, 136, 160. 163, 170-71, 

 180-81, 199; in inland water naviga- 

 tion, 60; input, 71; investment, 55- 

 56, 67-68; product, 71; ip production, 

 44-45. 45n. 57-58. 73; in utility enter- 

 prises, 59, 59n 



inflation, 90, 119 



inland water navigation: interdepend- 

 ence and indivisibility in, 60-61; in- 

 vestment in, 60; and pollution abate- 

 ment, 60-61 



input indivisibility, 71 



input-output relationship, 26-28, 31-32 



installment credit, 81, 82; interest rates 

 on, 83 



