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Regulation in Theory and Practice: An Overview

  • P. L. Joskow
  • R. G. Noll

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Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number 218.

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Date of creation: Apr 1978
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Handle: RePEc:mit:worpap:218
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MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA

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Web page: http://econ-www.mit.edu/

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  1. Theodore Groves & John Ledyard, 1976. "Optimal Allocation of Public Goods: A Solution to the 'Free Rider Problem'," Discussion Papers 144, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Paul L. Joskow, 1972. "The Determination of the Allowed Rate of Return in a Formal Regulatory Hearing," Bell Journal of Economics, The RAND Corporation, vol. 3(2), pages 632-644, Autumn.
  3. Otto A. Davis & Andrew Whinston, 1962. "Externalities, Welfare, and the Theory of Games," Journal of Political Economy, University of Chicago Press, vol. 70, pages 241.
  4. Peltzman, Sam, 1973. "An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments," Journal of Political Economy, University of Chicago Press, vol. 81(5), pages 1049-91, Sept.-Oct.
  5. Baumol, William J & Braunstein, Yale M, 1977. "Empirical Study of Scale Economies and Production Complementarity: The Case of Journal Publication," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 1037-48, October.
  6. Jack Hirshleifer, 1958. "Peak Loads and Efficient Pricing: Comment," The Quarterly Journal of Economics, Oxford University Press, vol. 72(3), pages 451-462.
  7. John C. Panzar, 1976. "A Neoclassical Approach to Peak Load Pricing," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 521-530, Autumn.
  8. Grether, David M. & Plott, Charles R., . "Economic Theory of Choice and the Preference Reversal Phenomenon," Working Papers 152, California Institute of Technology, Division of the Humanities and Social Sciences.
  9. Louis L. Wilde & Alan Schwartz, 1979. "Equilibrium Comparison Shopping," Review of Economic Studies, Oxford University Press, vol. 46(3), pages 543-553.
  10. Benton F. Massell, 1969. "Price Stabilization and Welfare," The Quarterly Journal of Economics, Oxford University Press, vol. 83(2), pages 284-298.
  11. John C. Panzar & Robert D. Willig, 1977. "Free Entry and the Sustainability of Natural Monopoly," Bell Journal of Economics, The RAND Corporation, vol. 8(1), pages 1-22, Spring.
  12. Paul W. MacAvoy, 1971. "The Formal Work-Product of the Federal Power Commissioners," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 379-395, Spring.
  13. Sheshinski, Eytan, 1971. "Welfare Aspects of a Regulatory Constraint: Note," American Economic Review, American Economic Association, vol. 61(1), pages 175-78, March.
  14. Kenneth J. Arrow & William M. Capron, 1959. "Dynamic Shortages and Price Rises: The Engineer-Scientist Case," The Quarterly Journal of Economics, Oxford University Press, vol. 73(2), pages 292-308.
  15. Robert M. Spann & Edward W. Erickson, 1970. "The Economics of Railroading: The Beginning of Cartelization and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 1(2), pages 227-244, Autumn.
  16. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
  17. Boyes, William J, 1976. "An Empirical Examination of the Averch-Johnson Effect," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 25-35, March.
  18. Elizabeth E. Bailey & Roger D. Coleman, 1971. "The Effect of Lagged Regulation in an Averch-Johnson Model," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 278-292, Spring.
  19. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
  20. Grether, David M., . "Recent Psychological Studies of Behavior Under Uncertainty," Working Papers 82, California Institute of Technology, Division of the Humanities and Social Sciences.
  21. Claude S. Colantoni & Otto A. Davis & Malati Swaminuthan, 1976. "Imperfect Consumers and Welfare Comparisons of Policies Concerning Information and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 602-615, Autumn.
  22. Benham, Lee & Benham, Alexandra, 1975. "Regulating Through the Professions: A Perspective on Information Control," Journal of Law and Economics, University of Chicago Press, vol. 18(2), pages 421-47, October.
  23. Michael Spence, 1977. "Consumer Misperceptions, Product Failure and Producer Liability," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 561-572.
  24. Harbeson, Robert W, 1969. "Toward Better Resource Allocation in Transport," Journal of Law and Economics, University of Chicago Press, vol. 12(2), pages 321-38, October.
  25. Fiorina, Morris P. & Noll, Roger G., . "Voters, Bureaucrats and Legislators: A Rational Choice Perspective on the Growth of Bureaucracy," Working Papers 159, California Institute of Technology, Division of the Humanities and Social Sciences.
  26. Michael A. Crew & Paul R. Kleindorfer, 1976. "Peak Load Pricing with a Diverse Technology," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 207-231, Spring.
  27. Peter O. Steiner, 1957. "Peak Loads and Efficient Pricing," The Quarterly Journal of Economics, Oxford University Press, vol. 71(4), pages 585-610.
  28. John T. Wenders, 1976. "Peak Load Pricing in the Electric Utility Industry," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 232-241, Spring.
  29. Alvin K. Klevorick, 1971. "The "Optimal" Fair Rate of Return," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 122-153, Spring.
  30. Wallace Hendricks, 1975. "The Effect of Regulation on Collective Bargaining in Electric Utilities," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 451-465, Autumn.
  31. Ayres, Robert U & Kneese, Allen V, 1969. "Production , Consumption, and Externalities," American Economic Review, American Economic Association, vol. 59(3), pages 282-97, June.
  32. Turnovsky, Stephen J, 1976. "The Distribution of Welfare Gains from Price Stabilization: The Case of Multiplicative Disturbances," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(1), pages 133-48, February.
  33. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
  34. Paul W. MacAvoy & Roger Noll, 1973. "Relative Prices on Regulated Transactions of the Natural Gas Pipelines," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 212-234, Spring.
  35. Smith, Vernon L, 1976. "Experimental Economics: Induced Value Theory," American Economic Review, American Economic Association, vol. 66(2), pages 274-79, May.
  36. Richard A. Posner, 1971. "Taxation by Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 22-50, Spring.
  37. Faulhaber, Gerald R, 1975. "Cross-Subsidization: Pricing in Public Enterprises," American Economic Review, American Economic Association, vol. 65(5), pages 966-77, December.
  38. Benham, Lee, 1972. "The Effect of Advertising on the Price of Eyeglasses," Journal of Law and Economics, University of Chicago Press, vol. 15(2), pages 337-52, October.
  39. Robert S. Pindyck, 1974. "The Regulatory Implications of Three Alternative Econometric Supply Models of Natural Gas," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 633-645, Autumn.
  40. Joseph L. Gastwirth, 1976. "On Probabilistic Models of Consumer Search for Information," The Quarterly Journal of Economics, Oxford University Press, vol. 90(1), pages 38-50.
  41. Robert M. Spann, 1974. "Rate of Return Regulation and Efficiency in Production: An Empirical Test of the Averch-Johnson Thesis," Bell Journal of Economics, The RAND Corporation, vol. 5(1), pages 38-52, Spring.
  42. Boyer, Kenneth D, 1977. "Minimum Rate Regulation, Modal Split Sensitivities, and the Railroad Problem," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 493-512, June.
  43. Elizabeth E. Bailey & John C. Malone, 1970. "Resource Allocation and the Regulated Firm," Bell Journal of Economics, The RAND Corporation, vol. 1(1), pages 129-142, Spring.
  44. Noll, Roger G & Trijonis, John, 1971. "Mass Balance, General Equilibrium, and Environmental Externalities," American Economic Review, American Economic Association, vol. 61(4), pages 730-35, September.
  45. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
  46. Richard C. Levin, 1978. "Allocation in Surface Freight Transportation: Does Rate Regulation Matter?," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 18-45, Spring.
  47. Leontief, Wassily, 1970. "Environmental Repercussions and the Economic Structure: An Input-Output Approach," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 262-71, August.
  48. McGuire, Thomas & Nelson, Richard R & Spavins, Thomas, 1975. ""An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments": A Comment," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 655-61, June.
  49. Ralph Turvey, 1968. "Peak-Load Pricing," Journal of Political Economy, University of Chicago Press, vol. 76, pages 101.
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