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Author : International Economic Association
Publisher : Unknown
Page : 576 pages
File Size : 41,8 Mb
Release : 1954
Category : Electronic
ISBN : STANFORD:20501072717
Author : International Economic Association
Publisher : Unknown
Page : 548 pages
File Size : 55,9 Mb
Release : 1954
Category : Competition
ISBN : 0333406265
Author : Richard A. Posner
Publisher : Cato Institute
Page : 131 pages
File Size : 41,7 Mb
Release : 1999-04-01
Category : Political Science
ISBN : 9781933995823
Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms. Thirty years ago a young professor named Richard Posner asked the provocative question of whether the existence of natural monopoly provides adequate justification for government intervention. His even more provocative answer was no. The evils of natural monopoly are exaggerated, the effectiveness of regulation in controlling them is highly questionable, and regulation costs a great deal. "The resources and energies of government should be directed to problems we know are substantial, that we think are traceable to government action, and that cannot be left to the private sector to work out. There are plenty of those problems, and it is doubtful that natural monopoly is among them." Thirty years after its initial publication, read the original insights of Richard Posner about the regulation of natural monopoly as well as a new preface in which Posner reflects on the deregulation of industries that has occurred since 1969 and the possibilities for more deregulation in the future."
Author : Edward H. Chamberlin
Publisher : Unknown
Page : 548 pages
File Size : 48,8 Mb
Release : 1986
Category : Competition
ISBN : 0333406281
Author : International Economic Association
Publisher : Unknown
Page : 576 pages
File Size : 48,6 Mb
Release : 1954
Category : Competition
ISBN : STANFORD:36105063016526
Author : Edward H. Chamberlin
Publisher : Springer
Page : 556 pages
File Size : 44,6 Mb
Release : 2015-12-31
Category : Business & Economics
ISBN : 9781349084340
Author : Roger Sherman
Publisher : Cambridge University Press
Page : 332 pages
File Size : 54,7 Mb
Release : 1989-03-31
Category : Business & Economics
ISBN : 0521368626
Competition may not function well where technology calls for large and complex investments, as in the electrivity industry where public utilities often provide service. This book presents economic welfare foundations for the purpose of evaluating how well, from a social point of view, an enterprise performs when competition is unable to function. Problems with existing institutions are emphasized. Topics treated include welfare measures and their uses in peak-load pricing, second-best pricing, and income distribution. Professor Sherman covers public choice difficulties of government intervention, and describes problems with incentives in statutory monopolies and efforts to overcome them through the study of principal-agent relationships. Contestability and sustainable prices are also discussed, as well as effects of uncertainty and imperfect information.
Author : Tim Frazer
Publisher : Unknown
Page : 296 pages
File Size : 44,9 Mb
Release : 1992
Category : Antitrust law
ISBN : UCAL:B4355462
The Second Edition of Monopoly, Competition and the Law is a rigorous and detailed exposition of the objectives, nature and application of competition law in the United Kingdom, the EEC and the USA. Fully updated, it includes a full account of the many legal developments since 1989, including analyses of the new merger policy of the EEC and proposals for the radical reform of UK policy of restrictive trade practices. This work is the most recent of its kind, providing updated coverage of this dynamic area of law and policy which has become an everyday consideration in market strategy. Tim Frazer, a specialist in competition law and policy and a solicitor, surveys the vast and complex field of monopoly and competition policy in a style easily accessible to lawyers and non-lawyers alike. Every aspect of the law, in all three jurisdictions, is covered - the development of governmental and judicial policy on monopoly and competition; the objectives of competition policy and the legal control of business practices; monopoly and competition laws in the UK, the EEC and the USA, with an examination of the legal and economic problems involved. Lawyers, economists, political and social scientists will find this an informative reference source on a wide range of topics, including concepts of public policy, the nature and treatment of unfair and discriminatory practices, and the role of the government in the market place. An indispensable text for all students and practitioners of competition law and policy, this comprehensive survey is also highly relevant to industrial economics, commercial and business law, contract law and consumer protection.
Author : Giles H. Burgess
Publisher : Addison Wesley Longman
Page : 520 pages
File Size : 55,8 Mb
Release : 1995
Category : Business & Economics
ISBN : UVA:X002602641
Combining the economic analysis of regulation with a history of the politics of government control in the United States, The Economics of Regulation and Antitrust helps students understand how regulation has developed and continues to change, and how it affects economic and social welfare. Burgess aims to help students understand the role of regulation in a context where markets serve as the primary but not the sole agency for society in making resource allocations. The Economics of Regulation and Antitrust also places special emphasis on the economic efficiency of regulation.
Author : Robert W. Karlsen,Michael A. Pettyfer
Publisher : Unknown
Page : 0 pages
File Size : 52,8 Mb
Release : 2011
Category : Monopolies
ISBN : 1613243545
Monopolies or market power are usually considered to be an economic threat to markets and consumers. This book examines the theory, effectiveness and regulation of monopolies across the globe. The authors present topical research on monopolies, including the natural monopoly and third party access of the Swedish district heating market; the causes of market power; and, collusion and regulation in an electricity spot market and a study of the stability and efficiency of vertical collaboration networks from a microeconomic viewpoint.
Author : W. Kip Viscusi,John M. Vernon,Joseph E. Harrington, Jr.
Publisher : MIT Press
Page : 955 pages
File Size : 52,7 Mb
Release : 2005-08-19
Category : Business & Economics
ISBN : 9780262287326
A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations. This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.
Author : Sanford V. Berg,John Tschirhart
Publisher : Cambridge University Press
Page : 576 pages
File Size : 44,7 Mb
Release : 1989-02-24
Category : Business & Economics
ISBN : 0521330394
Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing policies that are based on theoretical and empirical analyses. This book develops a comprehensive framework for analyzing natural monopoly. The authors first present a historical overview of regulatory economics, followed by analyses of optimal pricing and investment for single- and multiproduct natural monopolies. Topics covered include cost and demand structures, efficiency impacts of linear and multipart pricing, peak-load pricing, capacity determination, and the sustainability of natural monopolies. After a survey and analysis of natural monopoly regulation in practice, the links between technological change and regulation are identified. The book concludes with a discussion of the alternatives to traditional regulation, including public ownership, franchise schemes, quality regulation, and new incentive systems. Throughout the book, issues from the telecommunications and energy industries are used to illustrate key points. Its integrated framework will make it useful to academic economists, regulatory analysts, business researchers, and advanced students of public utility economics.
Author : Richard B. McKenzie,Dwight R. Lee
Publisher : University of Michigan Press
Page : 334 pages
File Size : 48,7 Mb
Release : 2008-02-04
Category : Business & Economics
ISBN : 0472116150
A provocative defense of market dominance
Author : Daniel H. Cole,Peter Grossman
Publisher : Routledge
Page : 258 pages
File Size : 51,7 Mb
Release : 2003-07-17
Category : Business & Economics
ISBN : 9781135697006
This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation.
Author : Emmanuelle Auriol,Claude Crampes,Antonio Estache
Publisher : Cambridge University Press
Page : 455 pages
File Size : 55,9 Mb
Release : 2021-10-21
Category : Business & Economics
ISBN : 9781108833950
This book provides the tools needed to analyse the present and the future of economic regulation.