Economic Innovations In Public Utility Regulation
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Economic Innovations In Public Utility Regulation
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Author : Michael A. Crew
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Economic Innovations In Public Utility Regulation written by Michael A. Crew and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book is distilled from articles presented at two seminars held at Rutgers -- The State University of New Jersey on October 25, 1991, and May 1, 1992, entitled 'Economic Innovations in Public Utility Regulations'. These contributions represent the best new research on various topics in public utility regulation, including topics in antitrust law, the environmental impact of public utility regulation, incentive regulation, price-cap regulation, and contractual relationships.
The Economics Of Public Utility Regulation
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Author : Michael A. Crew
language : en
Publisher: Springer
Release Date : 1986-06-18
The Economics Of Public Utility Regulation written by Michael A. Crew and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-06-18 with Social Science categories.
Economics And Public Utilities
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Author : Eli Winston Clemens
language : en
Publisher:
Release Date : 2012-04-01
Economics And Public Utilities written by Eli Winston Clemens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-01 with categories.
Pricing And Regulatory Innovations Under Increasing Competition
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Author : Michael A. Crew
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Pricing And Regulatory Innovations Under Increasing Competition written by Michael A. Crew and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This volume focuses on incentive regulation and competition. While much of the regulatory action is taking place in telecommunications, the impact of competition and the resultant regulatory change is being felt in other traditional public utilities including electricity. The book reviews topics including price caps, incentive regulation, market structure and new regulatory technologies.
The Economic And Social Regulation Of Public Utilities
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Author : Judith Clifton
language : en
Publisher: Routledge
Release Date : 2014-06-11
The Economic And Social Regulation Of Public Utilities written by Judith Clifton and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-11 with Business & Economics categories.
Utilities have long been essential for societies, supplying basic services for nations, organizations and households alike. The proper functioning and regulation of utilities is therefore critical for the economy, society and security. History provides an invaluable insight into important issues of the economic and social regulation of utilities and offers guidance for future debates. However, the history of utility regulation – which speaks of changing, diverse and complex experiences around the world – was sidelined or marginalised when economists and policy-makers enthusiastically embraced the question of how to reform the utilities from the 1970s. This book examines in depth the complex regulation and deregulation of energy, communications, transportation and water utilities across Western Europe, the United States, Australia, Brazil, China and India. In each case, attention is drawn to the changing roles of the state, the market and firms in the regulation, organization and delivery of utility services. This book was originally published as a special issue of Business History.
Public Utility Regulation
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Author : Kenneth Nowotny
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Public Utility Regulation written by Kenneth Nowotny and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
David B. Smith This is a book about the application of economic theory to a unique form of social control - public utility regulation. A central theme of this work is to examine the role that economics has played in shaping the rationale and direction of regulatory practices. While economic theory has played an important role in the shaping of regulatory policy in the past, it has an even greater potential role to play in the future as the regulatory community grapples with the many challenges of a changing economic environment. This is a very timely and much needed piece of work that can serve as a reference for decision makers who are facing the challeng ing problems of deregulation and competition. This work is comprised of 13 selected articles that guide the reader from an initial discussion of why we decided to regulate certain industries in the first place to a specific analysis of what role economic theory has played in the electric, natural gas, telecommunications, and water indus tries, and whether it should be allowed to play an even more dominant role in the future. The reader is then provided with a more modern version of what economists mean by the concept of natural monopoly and a menu of policy options that will allow society to derive any benefits from such a market structure.
The Impact Of Rate Of Return Regulation On Technological Innovation
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Author : Mark W. Frank
language : en
Publisher: Routledge
Release Date : 2017-05-15
The Impact Of Rate Of Return Regulation On Technological Innovation written by Mark W. Frank and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-15 with Business & Economics categories.
This book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of ’monopolies’ - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.
Deregulation Innovation And Market Liberalization
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Author : L. Lynne Kiesling
language : en
Publisher: Routledge
Release Date : 2008-09-03
Deregulation Innovation And Market Liberalization written by L. Lynne Kiesling and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-03 with Business & Economics categories.
Over the past 50 years the US economy has experienced economic dynamism and technological change at a dizzying pace, driven substantially by innovation in digital communication technology. This dynamism has had limited effects in the electricity industry, and institutional change within the industry to adapt to these changes has been variable. Many states in the U.S. do not participate in open wholesale markets, and even more states have either no retail markets or have implemented such a restricted and politicized version of retail markets that potential retail market entrants still face substantial entry barriers. This book explores institutional design and regulatory policies in the US electricity industry that can adapt to unknown and changing conditions produced by economic, social, and technological change. Whereas the dominant regulatory paradigm has traditionally been centralized economic and physical control based on natural monopoly theory and power systems engineering, the ideas presented and synthesized by Kiesling compose a different paradigm – decentralized economic and physical coordination through contracts, transactions, price signals, and integrated intertemporal wholesale and retail markets. Digital communication technology, and its increasing pervasiveness and affordability, make this decentralized coordination possible. Kiesling argues that with decentralized coordination, distributed agents themselves control part of the system, and in aggregate their actions produce order. Technology makes this order feasible, but the institutions, the rules governing the interaction of agents in the system, contribute substantially to whether or not order can emerge from this decentralized coordination process.
Issues In Public Utility Regulation
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Author : Michigan State University. Institute of Public Utilities
language : en
Publisher:
Release Date : 1979
Issues In Public Utility Regulation written by Michigan State University. Institute of Public Utilities and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Public utilities categories.
Problems In Public Utility Economics And Regulation
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Author : Michael A. Crew
language : en
Publisher: Free Press
Release Date : 1979
Problems In Public Utility Economics And Regulation written by Michael A. Crew and has been published by Free Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.