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| Author | : William W. Sharkey |
| Publisher | : Cambridge University Press |
| Total Pages | : 240 |
| Release | : 1982-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9780521243940 |
Download The Theory of Natural Monopoly Book in PDF, ePub and Kindle
The theory of natural monopoly has been substantially transformed in previous years. Ina clear and straightforward style, Dr. Sharkey gives an integrated presentation of the modern approach to this subject. Although the book is mainly conceptual in nature, the final chapter on natural monopoly in the telecommunications industry shows the practical applications of the theory. After an historical survey of natural monopoly, there follows a chapter stating and explaining the main results as well as giving a preliminary overview of the rest of the book, where concepts such as the subadditivity of costs, optimal pricing, sustainability, and destructive competition are presented. The essence of the subject is presented in a manner accessible to the general reader, though the book also provides a synthesis of the subject suitable for advanced students.
| Author | : Daniel H. Cole |
| Publisher | : Routledge |
| Total Pages | : 243 |
| Release | : 2003-07-17 |
| Genre | : Business & Economics |
| ISBN | : 1135697019 |
Download The End of a Natural Monopoly Book in PDF, ePub and Kindle
This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyses this controversial area from a legal and economic perspective.
| Author | : Kenneth Train |
| Publisher | : Mit Press |
| Total Pages | : 338 |
| Release | : 1991 |
| Genre | : Business & Economics |
| ISBN | : 9780262200844 |
Download Optimal Regulation Book in PDF, ePub and Kindle
Optimal Regulation addresses the central issue of regulatory economics - how toregulate firms in a way that induces them to produce and price "optimally." It synthesizes the majorfindings of an extensive theoretical literature on what constitutes optimality in various situationsand which regulatory mechanisms can be used to achieve it. It is the first text to provide aunified, modern, and nontechnical treatment of the field.The book includes models for regulatingoptimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically,with clear explanations of often highly technical topics.Kenneth E. Train is Associate AdjunctProfessor in the Department of Economics and Graduate School of Public Policy at the University ofCalifornia, Berkeley. He is also Principal of the firm Cambridge Systematics.Topics include: Thecost structure of natural monopoly (economies of scale and scope). Characterization of firstandsecond-best optimality. Surplus subsidy schemes for attaining first-best optimality. Ramsey pricesand the Vogelsang-Finsinger mechanism for attaining them. Time-ofuse (TOU) prices and Riordan'smechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley'smethod for using self-selecting tariffs to achieve optimality. The Averch-Johnson model of howrate-of-return regulation induces inefficiencies. Analysis of regulation based on the firm's returnon Output, costs, or sales. Price-cap regulation. Regulatory treatment of uncertainty and its impacton the firm's behavior. Methods of attaining optimality without direct regulation (contestability,auctioning the monopoly franchise.)
| Author | : Francesco Ducci |
| Publisher | : Cambridge University Press |
| Total Pages | : 203 |
| Release | : 2020-07-23 |
| Genre | : Business & Economics |
| ISBN | : 1108491146 |
Download Natural Monopolies in Digital Platform Markets Book in PDF, ePub and Kindle
Through three case studies, this book investigates whether digital industries are naturally monopolistic and evaluates policy approaches to market power.
| Author | : Richard A. Posner |
| Publisher | : Cato Institute |
| Total Pages | : 131 |
| Release | : 1999-04-01 |
| Genre | : Political Science |
| ISBN | : 1933995823 |
Download Natural Monopoly and Its Regulation Book in PDF, ePub and Kindle
Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms. Thirty years ago a young professor named Richard Posner asked the provocative question of whether the existence of natural monopoly provides adequate justification for government intervention. His even more provocative answer was no. The evils of natural monopoly are exaggerated, the effectiveness of regulation in controlling them is highly questionable, and regulation costs a great deal. "The resources and energies of government should be directed to problems we know are substantial, that we think are traceable to government action, and that cannot be left to the private sector to work out. There are plenty of those problems, and it is doubtful that natural monopoly is among them." Thirty years after its initial publication, read the original insights of Richard Posner about the regulation of natural monopoly as well as a new preface in which Posner reflects on the deregulation of industries that has occurred since 1969 and the possibilities for more deregulation in the future."
| Author | : Sanford V. Berg |
| Publisher | : Cambridge University Press |
| Total Pages | : 580 |
| Release | : 1989-01-27 |
| Genre | : Business & Economics |
| ISBN | : 9780521338936 |
Download Natural Monopoly Regulation Book in PDF, ePub and Kindle
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.
| Author | : Walter J. Primeaux |
| Publisher | : Praeger Publishers |
| Total Pages | : 326 |
| Release | : 1986 |
| Genre | : Business & Economics |
| ISBN | : |
Download Direct Electric Utility Competition Book in PDF, ePub and Kindle
| Author | : José A. Gómez-Ibáñez |
| Publisher | : Harvard University Press |
| Total Pages | : 456 |
| Release | : 2006-09-01 |
| Genre | : Business & Economics |
| ISBN | : 9780674037809 |
Download Regulating Infrastructure Book in PDF, ePub and Kindle
In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical? Rather than sticking to economics, José Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches--including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary--over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers--and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed.
| Author | : Susan Crawford |
| Publisher | : Yale University Press |
| Total Pages | : 351 |
| Release | : 2013-01-08 |
| Genre | : Law |
| ISBN | : 0300167377 |
Download Captive Audience Book in PDF, ePub and Kindle
Ten years ago, the United States stood at the forefront of the Internet revolution. With some of the fastest speeds and lowest prices in the world for high-speed Internet access, the nation was poised to be the global leader in the new knowledge-based economy. Today that global competitive advantage has all but vanished because of a series of government decisions and resulting monopolies that have allowed dozens of countries, including Japan and South Korea, to pass us in both speed and price of broadband. This steady slide backward not only deprives consumers of vital services needed in a competitive employment and business market—it also threatens the economic future of the nation. This important book by leading telecommunications policy expert Susan Crawford explores why Americans are now paying much more but getting much less when it comes to high-speed Internet access. Using the 2011 merger between Comcast and NBC Universal as a lens, Crawford examines how we have created the biggest monopoly since the breakup of Standard Oil a century ago. In the clearest terms, this book explores how telecommunications monopolies have affected the daily lives of consumers and America's global economic standing.
| Author | : Michael A. Crew |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 310 |
| Release | : 1991-03-31 |
| Genre | : Business & Economics |
| ISBN | : 9780792391470 |
Download Competition and Innovation in Postal Services Book in PDF, ePub and Kindle
Any Chainnan of the British Post Office dwells in the shadow of Rowland Hill, and, if he were an honest man, he probably from time to time, while singing the praises of Rowland Hill, as is his due, thinks a silent thought of sympathy for his predecessor Colonel Maberly, the head of the Post Office, the Champion of established orthodoxy, the leader of the Professionals, who had to endure the irresistible force of Hill's arguments combined with his skills as a pamphleteer, agitator, and political propagandist. My favorite passage of the book Royal Mail by Martin Daunton (1985) shows how much the Post Office of the day needed a Rowland Hill to challenge Colonel Maberly and all that he stood for. I quote from a passage describing how the Colonel, when he arrived at about 11:00 a.m. and while enjoying his breakfast, listened to his private secretary reading the morning's correspondence. Daunton records: The Colonel, still half engaged with his private correspondence, would hear enough to make him keep up a rumring commentary of disparaging grunts, "Pooh! stuff! upon my soul!" etc.
