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