{"product_id":"natural-monopoly-regulation-principles-and-practice-paperback-9780521338936","title":"Natural Monopoly Regulation; Principles and Practice (Paperback) 9780521338936","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eNatural Monopoly Regulation\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePrinciples and Practice\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eConsidered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eSanford V. Berg (Author), John Tschirhart (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521338936, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 27 January 1989\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e580 pages\u003cbr\u003e21.6 x 13.9 x 3.2 cm, 0.76 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eConsidered 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction to regulatory economics\u003cbr\u003e Part I. Optimal pricing and investment for natural monopolies: 2. Natural monopoly and the justification for regulation\u003cbr\u003e 3. Efficient pricing using linear prices\u003cbr\u003e 4. Efficient pricing using nonlinear prices\u003cbr\u003e 5. Peak-load pricing\u003cbr\u003e 6. Pricing and capacity under stochastic demand\u003cbr\u003e 7. Sustainability of natural monopolies\u003cbr\u003e Part II. Natural monopoly regulation in practice: 8. Regulation in practice: Why and how are firms regulated?\u003cbr\u003e 9. Models of regulatory constraints\u003cbr\u003e 10. Technological change under regulation\u003cbr\u003e 11. Partial regulation, deregulation, and diversification\u003cbr\u003e 12. Alternatives to traditional regulation.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Labour economics [\u003ca title=\"See our other books on Labour economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Labour%20economics%20%5BKCF%5D%22\"\u003eKCF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46007103029528,"sku":"9780521338936","price":34.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521338936i_9ba6c334-f5bc-46e5-bd25-875dc7bae58f.jpg?v=1691375441","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/natural-monopoly-regulation-principles-and-practice-paperback-9780521338936","provider":"Freshly Printed Books","version":"1.0","type":"link"}