Natural Monopoly Regulation
By:Sanford V. Berg,John Tschirhart
Published on 1989-02-24 by Cambridge University Press
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.
This Book was ranked at 15 by Google Books for keyword monopoly.
Book ID of Natural Monopoly Regulation's Books is abppQgAACAAJ, Book which was written bySanford V. Berg,John Tschirharthave ETAG "D+qLC7oJrJQ"
Book which was published by Cambridge University Press since 1989-02-24 have ISBNs, ISBN 13 Code is 9780521330398 and ISBN 10 Code is 0521330394
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