Deregulatory Takings and the Regulatory Contract: The Competitive Transformation of Network Industries in the United States

Deregulatory Takings and the Regulatory Contract: The Competitive Transformation of Network Industries in the United States

by J. Gregory Sidak, Daniel F. Spulber
     
 

ISBN-10: 0521591597

ISBN-13: 9780521591591

Pub. Date: 09/28/2011

Publisher: Cambridge University Press

This book addresses deregulatory policies that threaten to reduce or destroy the value of private property in network industries without any accompanying payment of just compensation, policies that are termed "deregulatory takings." The authors further consider the problem of renegotiation of the regulatory contract, which changes the terms and conditions of operation

Overview

This book addresses deregulatory policies that threaten to reduce or destroy the value of private property in network industries without any accompanying payment of just compensation, policies that are termed "deregulatory takings." The authors further consider the problem of renegotiation of the regulatory contract, which changes the terms and conditions of operation of utility companies. They argue that constitutional protections of private property from takings, as well as efficient remedies for contractual breach, provide the proper foundation for the competitive transformation of the network industries.

Product Details

ISBN-13:
9780521591591
Publisher:
Cambridge University Press
Publication date:
09/28/2011
Pages:
656
Product dimensions:
5.98(w) x 8.98(h) x 1.57(d)

Table of Contents

Preface; 1. The nature of the controversy; 2. Deregulation and network pricing; 3. Quarantines and quagmires; 4. The regulatory contract; 5. Remedies for breach of the regulatory contract; 6. Takings and the property of the regulated utility; 7. Just compensation for deregulatory takings; 8. The efficient component-pricing rule; 9. The market-determined efficient component-pricing rule; 10. Answering the critics of efficient component-pricing; 11. The equivalence rule; 12. TSLRIC pricing and the fallacy of forward-looking costs; 13. Deregulatory takings and efficient capital markets; 14. Limiting principles for stranded cost recovery; 15. Deregulation and managed competition in network industries; 16. The tragedy of the telecommons; References; Indices.

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