Recipes for Monopoly Regulation
Book Details
Format
Paperback / Softback
ISBN-10
3631371314
ISBN-13
9783631371312
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Dec 6th, 2000
Print length
98 Pages
Weight
142 grams
Dimensions
15.10 x 21.00 x 0.70 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophyMonetary economics
Ksh 7,550.00
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This monograph was the winner of the Nestlé Prize 2000 for the best Austrian PhD-Thesis in the Social Sciences.
As it is not possible to introduce competition into every single market, there will still remain monopolies – like in the telecom or energy sector – which have to be put under public regulation. This book offers a look into the latest developments in regulatory practice and theory. What shall a regulator do when she wants to give incentives for cost minimization to the regulated firm and at the same time efficient prices to the consumers? After a comparison of different «real world» regulatory regimes, a simple theoretical model is used to assess the «real world» approaches and design optimal policies. The theoretical «recipes» are presented in a way which should be accessible to advanced students and «real world» regulators.
As it is not possible to introduce competition into every single market, there will still remain monopolies – like in the telecom or energy sector – which have to be put under public regulation. This book offers a look into the latest developments in regulatory practice and theory. What shall a regulator do when she wants to give incentives for cost minimization to the regulated firm and at the same time efficient prices to the consumers? After a comparison of different «real world» regulatory regimes, a simple theoretical model is used to assess the «real world» approaches and design optimal policies. The theoretical «recipes» are presented in a way which should be accessible to advanced students and «real world» regulators.
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