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Book by Train Kenneth
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"A synthesis of twenty years of theory on the regulation of natural monopoly presented with exceptional clarity." Elizabeth E. Bailey , The Wharton School of the University of Pennsylvania
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Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field. The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics. Topics include The cost structure of natural monopoly (economies of scale and scope) * Characterization of firstand second-best optimality * Surplus subsidy schemes for attaining first-best optimality * Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them * Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality * The Averch-Johnson model of how rate-of-return regulation induces inefficiencies * Analysis of regulation based on the firm's return on Output, costs, or sales * Price-cap regulation * Regulatory treatment of uncertainty and its impact on the firm's behavior * Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.)
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- VerlagMIT Press
- Erscheinungsdatum1991
- ISBN 10 0262200848
- ISBN 13 9780262200844
- EinbandTapa dura
- SpracheEnglisch
- Anzahl der Seiten352
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Optimal Regulation: The Economic Theory of Natural Monopoly
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gebundene Ausgabe. Zustand: Gut. 337 Seiten Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber und kann entsprechende Merkmale aufweisen (Rückenschild, Instituts-Stempel.). Original-Schutzumschlag vorhanden (siehe Foto). In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 715. Artikel-Nr. 2161731
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Optimal Regulation : The Economic Theory of Natural Monopoly
Anbieter: Better World Books, Mishawaka, IN, USA
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Zustand: Good. Used book that is in clean, average condition without any missing pages. Artikel-Nr. 9376194-6
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Optimal Regulation : The Economic Theory of Natural Monopoly
Anbieter: Better World Books, Mishawaka, IN, USA
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Zustand: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Artikel-Nr. 5055436-6
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Optimal Regulation: The Economic Theory of Natural Monopoly.
Anbieter: Kloof Booksellers & Scientia Verlag, Amsterdam, Niederlande
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Zustand: as new. Cambridge, MA: The MIT Press, 1991. Hardcover. Dustjacket. 338 pp.- Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field.The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics.Kenneth E. Train is Associate Adjunct Professor in the Department of Economics and Graduate School of Public Policy at the University of California, Berkeley. He is also Principal of the firm Cambridge Systematics.Topics include: The cost structure of natural monopoly (economies of scale and scope). Characterization of firstand second-best optimality. Surplus subsidy schemes for attaining first-best optimality. Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them. Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality. The Averch-Johnson model of how rate-of-return regulation induces inefficiencies. Analysis of regulation based on the firm's return on Output, costs, or sales. Price-cap regulation. Regulatory treatment of uncertainty and its impact on the firm's behavior. Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.) English text. Condition : as new. Condition : as new copy. ISBN 9780262200844. Keywords : , Monopolies. Artikel-Nr. 263359
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