Pricing and Price Regulation: An Economic Theory for Public Enterprises and Public Utilities

Dieter Bos, D. Bos

ISBN 10: 0444884785 / ISBN 13: 9780444884787

Edité par ELSEVIER SCIENCE & TECHNO, 1994

A propos de cet article

Zustand: Sehr gut - Gepflegter, sauberer Zustand. Innen: Seiten eingerissen. Aus der Auflösung einer renommierten Bibliothek. Kann Stempel beinhalten. | Seiten: 472 | Sprache: Englisch | Produktart: Bücher. N° de réf. du vendeur 2813470/202

Détails bibliographiques

Titre : Pricing and Price Regulation: An Economic ...

Éditeur : ELSEVIER SCIENCE & TECHNO

Date d'édition : 1994

Reliure : Couverture rigide

Etat : Sehr gut

A propos de ce titre

Synopsis :

This clear, precisely written text presents an important branch of the modern, micro-economically based theory of industrial organization and of public finance, utilizing calculus only.Answers are provided to some pertinent economic questions, such as the pricing policies of vote-seeking politicians, of empire-building bureaucrats and of out-put-maximizing and energy-saving public utilities. These policies are compared with the welfare economic benchmark rules e.g. on marginal cost pricing and Ramsey pricing. Great significance is attached to price regulation.The book elucidates the recent replacement of rate of return regulation by price-cap regulation. It also explains why many simple rules like yardstick regulation fail to achieve optimal prices, which shows how complicated it is to induce managers to truthfully reveal their private information. How this can be achieved properly is shown in various principal-agent models on regulation with uncertain costs, uncertain demand and with soft budget constraints.