Economic Regulation

Economic Regulation

by Paul L. Joskow
ISBN-10:
1858989477
ISBN-13:
9781858989471
Pub. Date:
03/26/2000
Publisher:
Edward Elgar Publishing
Economic Regulation

Economic Regulation

by Paul L. Joskow

Hardcover

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Overview

This major volume presents a collection of classic articles on economic regulation and its reform. The topics covered include the political economy of regulation, efficient pricing for regulated firms, incentive regulation, the empirical effects of economic regulation in practice and network access pricing for competitive entrants.

Economic Regulation will be an essential source of reference for scholars and students of industrial organization, including natural monopoly regulation, regulatory reform and deregulation.


Product Details

ISBN-13: 9781858989471
Publisher: Edward Elgar Publishing
Publication date: 03/26/2000
Series: Critical Ideas in Economics series , #1
Pages: 736
Product dimensions: 6.62(w) x 9.62(h) x (d)

About the Author

Edited by Paul L. Joskow, Elizabeth and James Killiam Professor of Economics and Management, Massachusetts Institute of Technology, US

Table of Contents

Contents:

Acknowledgements • Introduction

Part I: Theories of Economic Regulation
1. George J. Stigler (1971), ‘The Theory of Economic Regulation’
2. Richard A. Posner (1971), ‘Taxation by Regulation’
3. Paul L. Joskow (1974), ‘Inflation and Environmental Concern: Structural Change in the Process of Public Utility Price Regulation’
4. Mathew D. McCubbins, Roger G. Noll and Barry R. Weingast (1987), ‘Administrative Procedures as Instruments of Political Control’
5. Sam Peltzman (1989), ‘The Economic Theory of Regulation after a Decade of Deregulation’ and ‘Comments and Discussion’
Part II: Efficient Pricing for Natural Monopolies when Regulators are Well Informed
6. William J. Baumol (1977), ‘On the Proper Cost Tests for Natural Monopoly in a Multiproduct Industry’
7. M. Boiteux (1960), ‘Peak-Load Pricing’
8. Dennis W. Carlton (1977), ‘Peak Load Pricing with Stochastic Demand’
9. William J. Baumol and David F. Bradford (1970), ‘Optimal Departures From Marginal Cost Pricing’
10. Leonard J. Mirman and David Sibley (1980), ‘Optimal Nonlinear Prices for Multiproduct Monopolies’
Part III: Regulation when Regulators are Imperfectly Informed
11. William J. Baumol and Alvin K. Klevorick (1970), ‘Input Choices and Rate-of-Return Regulation: An Overview of the Discussion’
12. David P. Baron and Roger B. Myerson (1982), ‘Regulating a Monopolist with Unknown Costs’
13. Jean-Jacques Laffont and Jean Tirole (1986), ‘Using Cost Observation to Regulate Firms’
14. Paul L. Joskow and Richard Schmalensee (1986), ‘Incentive Regulation For Electric Utilities’
15. Tracy R. Lewis and David E.M. Sappington (1988), ‘Regulating a Monopolist with Unknown Demand’
16. Jean-Jacques Laffont and Jean Tirole (1990), ‘The Regulation of Multiproduct Firms Part I: Theory’
17. Richard Schmalensee (1989), ‘Good Regulatory Regimes’
Part IV: Effects of Economic Regulation in Practice
18. Sam Peltzman (1993), ‘George Stigler’s Contribution to the Economic Analysis of Regulation’
19. Paul L. Joskow (1989), ‘Regulatory Failure, Regulatory Reform, and Structural Change in the Electrical Power Industry’
20. Nancy L. Rose (1987), ‘Labor Rent Sharing and Regulation: Evidence from the Trucking Industry’
21. Nancy L. Rose (1985), ‘The Incidence of Regulatory Rents in the Motor Carrier Industry’
22. Donald J. Kridel, David E.M. Sappington and Dennis L. Weisman (1996), ‘The Effects of Incentive Regulation in the Telecommunications Industry: A Survey’
Part V: Network Access Pricing for Competitive Entrants
23. Jean-Jacques Laffont and Jean Tirole (1996), ‘Creating Competition Through Interconnection: Theory and Practice’
24. Mark Armstrong, Chris Doyle and John Vickers (1996), ‘The Access Pricing Problem: A Synthesis’
25. John Vickers (1997), ‘Regulation, Competition, and the Structure of Prices’
Name Index
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