Regulation of Natural Monopoly
AbstractThis chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural monopolies. It covers alternative definitions of natural monopoly, public interest regulatory goals, alternative regulatory institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the measurement of the effects of price and entry regulation in practice. The chapter also discusses the literature on network access and pricing to support the introduction of competition into previously regulated monopoly industries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
This chapter was published in:
This item is provided by Elsevier in its series Handbook of Law and Economics with number 2-16.
Contact details of provider:
Web page: http://www.elsevierdirect.com/product.jsp?isbn=9780444512352
Natural monopoly; economies of scale; sunk costs; price regulation; public utilities; incentive regulation; performance based regulation; network access pricing;
Find related papers by JEL classification:
- K - Law and Economics
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Paul L. Joskow, 2010. "Market Imperfections versus Regulatory Imperfections," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 8(3), pages 3-7, October.
- Vassiliev, M. & Filatov, A., 2011. "The Models of Strategic Interaction between Network and Generating Companies at Electricity Transmission Market," Journal of the New Economic Association, New Economic Association, issue 10, pages 54-73.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.