Recipes for Monopoly Regulation
©2001
Thesis
98 Pages
Summary
This monograph was the winner of the Nestlé Prize 2000 for the best Austrian PhD-Thesis in the Social Sciences.
As it is not possible to introduce competition into every single market, there will still remain monopolies – like in the telecom or energy sector – which have to be put under public regulation. This book offers a look into the latest developments in regulatory practice and theory. What shall a regulator do when she wants to give incentives for cost minimization to the regulated firm and at the same time efficient prices to the consumers? After a comparison of different «real world» regulatory regimes, a simple theoretical model is used to assess the «real world» approaches and design optimal policies. The theoretical «recipes» are presented in a way which should be accessible to advanced students and «real world» regulators.
As it is not possible to introduce competition into every single market, there will still remain monopolies – like in the telecom or energy sector – which have to be put under public regulation. This book offers a look into the latest developments in regulatory practice and theory. What shall a regulator do when she wants to give incentives for cost minimization to the regulated firm and at the same time efficient prices to the consumers? After a comparison of different «real world» regulatory regimes, a simple theoretical model is used to assess the «real world» approaches and design optimal policies. The theoretical «recipes» are presented in a way which should be accessible to advanced students and «real world» regulators.
Details
- Pages
- 98
- Publication Year
- 2001
- ISBN (Softcover)
- 9783631371312
- Language
- English
- Published
- Frankfurt/M., Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2000. 97 pp.
- Product Safety
- Peter Lang Group AG