Optimal Regulation: The Economic Theory of Natural Monopoly - Couverture rigide

Train, Kenneth

 
9780262200844: Optimal Regulation: The Economic Theory of Natural Monopoly
Couverture rigide
ISBN 10 : 0262200848 ISBN 13 : 9780262200844
Editeur : The MIT Press, 1991

Synopsis

Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field. The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics.

Topics include
The cost structure of natural monopoly (economies of scale and scope) • Characterization of firstand second-best optimality • Surplus subsidy schemes for attaining first-best optimality • Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them • Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality • The Averch-Johnson model of how rate-of-return regulation induces inefficiencies • Analysis of regulation based on the firm's return on Output, costs, or sales • Price-cap regulation • Regulatory treatment of uncertainty and its impact on the firm's behavior • Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.)

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Kenneth E. Train is Associate Adjunct Professor in the Department of Economics and Graduate School of Public Policy at the University of California, Berkeley. He is also Principal of the firm Cambridge Systematics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The MIT Press
Date d'édition
1991
Langue
anglais
ISBN 10 
0262200848
ISBN 13 
9780262200844
Reliure
Relié
Nombre de pages
352
Coordonnées du fabricant
non disponible
Personne responsable
Purmerul LTD
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