Overview

This text explores public utility regulation using an economic framework of regulation. The purpose of regulation is to promote economic efficiency and perhaps fairness by putting restrictions on the economic opportunities of the utility firm. This framework allows the author to specify what a regulator must do to maximize the economic benefits to consumers. This book is written for regulators, utilities, and academics interested in the study of regulation.

Full Product Details

Author:   Glenn Blackmon ,  R. J. Zeckhauser
Publisher:   Springer
Imprint:   Springer
Edition:   1994 ed.
Volume:   17
Dimensions:   Width: 15.50cm , Height: 0.90cm , Length: 23.50cm
Weight:   0.870kg
ISBN:  

9780792394709

ISBN 10:   0792394704
Pages:   133
Publication Date:   31 August 1994
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Why incentives?.- Regulatory lag, monitoring, and the problem of abuse.- Incentive regulation and the half loaf.- Consumer surplus: an incentive subsidy.- Recommendations and conclusion.- Bibliooraphy.- Notes.

Reviews

To sum up, Glenn Blackmon has written a fine book that repreents a valuable contribution to the literature on incentive regulation. He poses the right' questions and supplies thought-provoking answers. The exposition is clear and well-motivated with the right mix of theory and practice. It should prove to be a useful reference for regulatory practitioners and academics alike. In a classroom setting, it would be an ideal supplemental text for a standard course in regulatory economics. It is well worth reading!' Review of Industrial Organization, 11 (1996)

`To sum up, Glenn Blackmon has written a fine book that repreents a valuable contribution to the literature on incentive regulation. He poses the `right' questions and supplies thought-provoking answers. The exposition is clear and well-motivated with the right mix of theory and practice. It should prove to be a useful reference for regulatory practitioners and academics alike. In a classroom setting, it would be an ideal supplemental text for a standard course in regulatory economics. It is well worth reading!' Review of Industrial Organization, 11 (1996)

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