Sinossi
This text explores public utility regulation using an economic framework of regulation. The purpose of regulation is to promote economic efficiency and perhaps fairness by putting restrictions on the economic opportunities of the utility firm. This framework allows the author to specify what a regulator must do to maximize the economic benefits to consumers. This book is written for regulators, utilities, and academics interested in the study of regulation.
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Recensione
`To sum up, Glenn Blackmon has written a fine book that repreents a valuable contribution to the literature on incentive regulation. He poses the `right' questions and supplies thought-provoking answers. The exposition is clear and well-motivated with the right mix of theory and practice. It should prove to be a useful reference for regulatory practitioners and academics alike. In a classroom setting, it would be an ideal supplemental text for a standard course in regulatory economics. It is well worth reading!'
Review of Industrial Organization, 11 (1996)
Contenuti
Foreword; R.J. Zeckhauser. Introduction. Why Incentives? Regulatory Lag, Monitoring, and the Problem of Abuse. Incentive Regulation and the Half Loaf. Consumer Surplus: an Incentive Subsidy. Recommendations and Conclusion. Bibliography. Notes. Index.
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Incentive Regulation and the Regulation of Incentives. Topics in Regulatory Economics and Policy, Band 17.
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Kluwer Academic Publishers, 1994
ISBN 10: 0792394704
ISBN 13: 9780792394709
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Incentive regulation and the regulation of incentives. (Topics in regulatory economics and policy series; [17]). Ex-Library.
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Kluwer Academic Publishers, Boston, Massachusetts, USA., &c,, 1994
ISBN 10: 0792394704
ISBN 13: 9780792394709
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Incentive Regulation and the Regulation of Incentives (Topics in Regulatory Economics and Policy, 17)
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Incentive Regulation and the Regulation of Incentives
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Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The class is theory of price regulation assumed that the regulator knows the fIrm's costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The 'regulatory problem' was reduced to a mere pricing problem: the regulator's goal was to align price with marginal cost, subject to the constraint that revenues must cover costs. Elegant and important insights ensued. The most important was that regulation was inevitably a struggle to achieve second-best outcomes. (Ramsey pricing was a splendid example. ) Reality proved harsh to regulatory theory. The fmn's costs are by no means known to the regulator. At best, the regulator may know how much is currently spent to provide services, but hardly what costs would be if the fmn vigorously pursued effIciency. Even if the current cost curve were known to the regulator, technologies change so swiftly that today's costs are a very poor indicator of tomorrow's, and those are the costs that will determine the fIrm's future decisions. With the burgeoning attention to information considerations and game theory in economics, the regulator's problem of eliciting host information about cost has received considerable attention. In most cases, however, it has been in context that are both static and stylized; such analyses rarely capture many of the essential elements of real world regulatory issues. This volume represents a fresh approach. It reflects Glenn Blackmon's twin strengths, a keen analytic mind and important experience in the regulatory arena. 152 pp. Englisch. Codice articolo 9780792394709
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Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. The class is theory of price regulation assumed that the regulator knows the fIrm s costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The regulatory problem was reduced to a mere pricing problem:. Codice articolo 5971516
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Condizione: New. Explores public utility regulation using an economic framework of regulation. This framework allows the reader to understand what a regulator must do to maximize the economic benefits to consumers. This book is useful for academics interested in the study of regulation. Series: Topics in Regulatory Economics and Policy. Num Pages: 133 pages, biography. BIC Classification: KCC; KJU. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 9. Weight in Grams: 393. . 1994. Hardback. . . . . Codice articolo V9780792394709
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