Regulatory Reform: Economic Analysis and British Experience

Regulatory Reform: Economic Analysis and British Experience

by Mark Armstrong, Simon Cowan, John Stuart Vickers
     
 

ISBN-10: 0262510790

ISBN-13: 9780262510790

Pub. Date: 10/20/1994

Publisher: MIT Press

Regulatory reform had its beginnings in the United States in the 1970s,
and today it is taking place around the globe. One of the central questions for industrial policy is how to regulate firms with market power. Regulatory Reform tackles this important policy issue in two parts: it describes an analytical framework for studying the main issues in

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Overview

Regulatory reform had its beginnings in the United States in the 1970s,
and today it is taking place around the globe. One of the central questions for industrial policy is how to regulate firms with market power. Regulatory Reform tackles this important policy issue in two parts: it describes an analytical framework for studying the main issues in regulatory reform, and then applies the analysis to the British experience in four utility industries - telecommunications,
gas, electricity, and water supply.Britain's utility industries, state-owned monopolies just ten years ago, offer a dramatic example of comprehensive reforms with parallels elsewhere: industries have been restructured, markets have been liberalized, and new regulatory methods and institutions have been created. The authors focus on common policy questions that arise in each industry while taking into account the considerable diversity between the industries and the different reform policies adopted.The analysis and experience in Britain's utility industries also provides a rich variety of issues concerning monopolistic and anticompetitive practices that are of interest for competition policy in general.Regulation of
Economic Activity series

The MIT Press

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Product Details

ISBN-13:
9780262510790
Publisher:
MIT Press
Publication date:
10/20/1994
Series:
Regulation of Economic Activity
Edition description:
New Edition
Pages:
406
Product dimensions:
5.90(w) x 8.90(h) x 0.90(d)
Age Range:
18 Years

Table of Contents

List of Tables and Figures
Series Foreword
Preface
1Introduction1
1Analytical Framework
2Monopoly Regulation: Static Analysis11
3Monopoly Regulation: Multiproduct and Dynamic Issues47
4Competition and Liberalization99
5Vertically Related Markets135
IIBritish Experience
6RPI - X Price Cap Regulation165
7Telecommunications195
8Gas245
9Electricity279
10Water323
11Conclusions355
References363
Name Index377
Subject Index381

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