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Natural Monopoly Regulation

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Author Info

  • Berg,Sanford V.
  • Tschirhart,John

Abstract

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.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521338936 and published in 1989.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521338936
Handle: RePEc:cup:cbooks:9780521338936

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Web page: http://www.cambridge.org

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Cited by:
  1. Kashani, Hossein A., 2006. "A problem of incentive compatibility in the North Sea petroleum industry," Energy Policy, Elsevier, vol. 34(9), pages 1032-1045, June.
  2. Elvio Accinelli & Leonardo Tenorio, 2012. "Monopolios naturales y tecnología," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 99-115, May.
  3. Kinnunen, Kaisa, 2006. "Investment incentives: regulation of the Finnish electricity distribution," Energy Policy, Elsevier, vol. 34(7), pages 853-862, May.
  4. Richard Tol, 2011. "Regulating knowledge monopolies: the case of the IPCC," Climatic Change, Springer, vol. 108(4), pages 827-839, October.
  5. Gustavo Ferro & Omar Chisari, 2010. "Tópicos de Economía de la Regulación de los Servicios Públicos," Working Papers hal-00473038, HAL.
  6. Skiera, Bernd & Spann, Martin, 1999. "The ability to compensate for suboptimal capacity decisions by optimal pricing decisions," European Journal of Operational Research, Elsevier, vol. 118(3), pages 450-463, November.
  7. Massol, O. & Tchung-Ming, S., 2012. "Joining the CCS Club! Insights from a Northwest European CO2 Pipeline Project," Working Papers 12/10, Department of Economics, City University London.
  8. Arturo Vásquez & Raúl García & Edwin Quintanilla & Julio Salvador & David Orosco, 2012. "Acceso a la Energía en el Perú : Algunas Opciones de Política," Working Papers 29, OSINERGMIN, Oficina de Estudios Economicos.
  9. Granderson, Gerald & Linvill, Carl, 1998. "Nonparametric measurement of productive efficiency in the presence of regulation," European Journal of Operational Research, Elsevier, vol. 110(3), pages 643-657, November.
  10. Jaccard, Mark, 1995. "Oscillating currents : The changing rationale for government intervention in the electricity industry," Energy Policy, Elsevier, vol. 23(7), pages 579-592, July.
  11. Chun Chun Ni, 2005. "Analysis of Applicable Liberalisation Models in China's Electric Power Market," Energy Working Papers 22008, East Asian Bureau of Economic Research.
  12. Rodri­guez Ortega, Mari­a Pi­a & Pérez-Arriaga, J. Ignacio & Abbad, Juan Rivier & González, Jesús Peco, 2008. "Distribution network tariffs: A closed question?," Energy Policy, Elsevier, vol. 36(5), pages 1712-1725, May.

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