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Natural Monopoly Regulation: Principles and Practice (Cambridge Surveys of Economic Literature), by Sanford V. Berg, John Tschirhart
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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.
- Sales Rank: #1483262 in Books
- Brand: Brand: Cambridge University Press
- Published on: 1989-01-27
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x 1.30" w x 5.98" l, 1.60 pounds
- Binding: Paperback
- 580 pages
- Used Book in Good Condition
Most helpful customer reviews
3 of 3 people found the following review helpful.
Comprehensive, modelling-based, rigorous
By A Customer
This is perhaps the only graduate textbook on Natural Monopoly Regulation available. Unfortunately, it's available only in libraries, as it went out of print soon after it was published. The company has no known plans of reprint, which is a real disaster for all graduate students of the field.
This textbook is comprehensive, modelling-based, rigorous, and yet maintains connection with the realities of the peculiar regulated markets in question. This implies that not only pure theoretical models are discussed and analyzed, but also the specific regulations are embedded into presentation.
Despite the fact that the book was written in late 80s, it still serves as an invaluable reference. I wish it were in print...
0 of 0 people found the following review helpful.
Greetings
By efrain arango sanchez
it's clear ,complete and rigorous ......very good textbook
thanks for offering this material, very practice and good numerical examples of many terms
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