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Item Details
Title: NATURAL MONOPOLY REGULATION
PRINCIPLES AND PRACTICE
By: Sanford V. Berg, John Tschirhart, John Pencavel
Format: Paperback

List price: £37.99


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 052133893X
ISBN 13: 9780521338936
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 27 January, 1989
Series: Cambridge Surveys of Economic Literature
Pages: 580
Description: Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field.
Synopsis: Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing policies that are based on theoretical and empirical analyses. This book develops a comprehensive framework for analyzing natural monopoly. The authors first present a historical overview of regulatory economics, followed by analyses of optimal pricing and investment for single- and multiproduct natural monopolies. Topics covered include cost and demand structures, efficiency impacts of linear and multipart pricing, peak-load pricing, capacity determination, and the sustainability of natural monopolies. After a survey and analysis of natural monopoly regulation in practice, the links between technological change and regulation are identified. The book concludes with a discussion of the alternatives to traditional regulation, including public ownership, franchise schemes, quality regulation, and new incentive systems. Throughout the book, issues from the telecommunications and energy industries are used to illustrate key points.Its integrated framework will make it useful to academic economists, regulatory analysts, business researchers, and advanced students of public utility economics.
Illustrations: 89 line diagrams, 3 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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ECONOMIC BEHAVIOR AND INSTITUTIONS (PB)
EXCHANGE RATE DETERMINATION (PB)
EXCHANGE RATE ECONOMICS (HB)
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FINANCE AND ECONOMICS DISCUSSION SERIES
LABOR SUPPLY (PB)
MARKET STRUCTURE AND INNOVATION (PB)
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OLIGOPOLY THEORY (PB)
PRIVATE INITIATIVES IN INFRASTRUCTURE (HB)
PROTECTING ENDANGERED SPECIES IN THE UNITED STATES
PROTECTING ENDANGERED SPECIES IN THE UNITED STATES (HB)
PROTECTING ENDANGERED SPECIES IN THE UNITED STATES (PB)
RATIONAL EXPECTATIONS (HB)
RATIONAL EXPECTATIONS (PB)
RESOURCE AND ENVIRONMENTAL ECONOMICS (PB)
SOCIAL EXPERIMENTATION AND ECONOMIC POLICY (PB)
THE ECONOMICS OF DEFENSE (PB)
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THE METHODOLOGY OF ECONOMICS (PB)
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