The End of a Natural Monopoly: Deregulation and Competition in the Electric Power Industry / Edition 1

The End of a Natural Monopoly: Deregulation and Competition in the Electric Power Industry / Edition 1

by Daniel H. Cole, Peter Grossman
     
 

This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyzes this controversial area from a legal and

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Overview

This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyzes this controversial area from a legal and economic perspective.

Product Details

ISBN-13:
9780762309955
Publisher:
Taylor & Francis
Publication date:
12/03/2003
Series:
Economics of Legal Relationships Series
Pages:
256
Product dimensions:
6.14(w) x 9.21(h) x 0.69(d)

Related Subjects

Table of Contents

List of Contributors
Statement of Scope
1Introduction1
2Is Anything Naturally a Monopoly?11
Editors' Foreword to Chapter 341
3The Origins and Development of Electric Power Regulation43
4The "Regulatory Contract"77
5The Zenith of the Natural Monopoly System89
Editors' Foreword to Chapter 6107
6Whither Natural Monopoly? The Case of Electricity111
7Universal Service in Competitive Retail Electric Markets: Refin(anc)ing the Duty to Serve for a Post-Natural Monopoly Era141
8Stranded Benefits Versus Stranded Costs in Utility Deregulation169
Editors' Foreword to Chapter 9 and 10191
9Why the Music is Off-Key When Lawyers Sing from Economists' Songbooks or Why Public Utility Deregulation will Fail193
10Does the End of a Natural Monopoly Mean Deregulation?215

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