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Regulation of Natural Monopoly

Author

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  • Joskow, Paul L.

Abstract

This 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.

Suggested Citation

  • Joskow, Paul L., 2007. "Regulation of Natural Monopoly," Handbook of Law and Economics, Elsevier.
  • Handle: RePEc:eee:lawchp:2-16
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    Citations

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    Cited by:

    1. Wissner, Matthias, 2014. "Regulation of district-heating systems," Utilities Policy, Elsevier, vol. 31(C), pages 63-73.
    2. Paul L. Joskow, 2010. "Market Imperfections versus Regulatory Imperfections," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(3), pages 3-7, October.
    3. Lindemann, Henrik, 2015. "Does Regulatory Independence Translate into a Higher Degree of Liberalization? - Evidence from EU Energy Regulators," Hannover Economic Papers (HEP) dp-545, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    4. Idrisov, Georgy & Ponomareva, Ekaterina, 2016. "Analysis of the Efficiency of Natural Monopolies in Russia," Working Papers 2041, Russian Presidential Academy of National Economy and Public Administration.
    5. Wenche Tobiasson & Tooraj Jamasb, 2014. "Sustainable Electricity Grid Development and the Public: An Economic Approach," Cambridge Working Papers in Economics 1432, Faculty of Economics, University of Cambridge.
    6. Riham Ahmed Ezzat, 2015. "Paving the way for better telecom performance: Evidence from the telecommunication sector in MENA countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01164199, HAL.
    7. Brown, Toby & Faruqui, Ahmad & Grausz, Léa, 2015. "Efficient tariff structures for distribution network services," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 139-149.
    8. 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.
    9. repec:hal:journl:halshs-01164199 is not listed on IDEAS
    10. Lindemann, Henrik, 2015. "Regulatory Objectives and the Intensity of Unbundling in Electricity Markets," Hannover Economic Papers (HEP) dp-544, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    11. Jan KRÄMER & Michael WOHLFARTH, 2015. "Regulating Over-the-Top Service Providers in Two-Sided Content Markets: Insights from the Economic Literature," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(99), pages 71-90, 3rd quart.
    12. repec:eee:enepol:v:110:y:2017:i:c:p:117-125 is not listed on IDEAS

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