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AuthorTrain, Kenneth E.
TitleOptional regulation the economic theory of natural monopoly/ Kenneth E. Train
Imprint Cambridge, Massachusetts: The MIT Press, 1991
Descript xiv, 338 p.


The Economic rationale and task of regulation -- The Averch-johnson model of rate-of return regulation -- Regulatory mechanisms to induce optimal outcomes for one-product natural monopolies -- The A-J model under uncertainty -- Ramsey prices -- The Vogelsang-finsinger mechanism -- Surplus subsidy schemes -- Multipart tariffs -- Tiem-of-use prices and riordan's mechanism -- Self-selecting tariffs and sibley's mechanism Optimality without regulation

Monopolies Trade regulation Commerce

Economics LibraryHD2757 T73CHECK SHELVES
Law Library (4th Floor)HD2757.2 T73o 1991CHECK SHELVES

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