+612 9045 4394
Regulatory Reform : Economic Analysis and British Experience - Mark Armstrong

Regulatory Reform

Economic Analysis and British Experience


Published: 16th June 1995
For Ages: 18+ years old
Ships: 5 to 9 business days
5 to 9 business days
RRP $83.00

Regulatory reform had its beginnings in the United States in the 1970s, and today it is taking place around the globe. One of the central questions for industrial policy is how to regulate firms with market power. "Regulatory Reform" tackles this important policy issue in two parts: it describes an analytical framework for studying the main issues in regulatory reform, and then applies the analysis to the British experience in four utility industries--telecommunications, gas, electricity, and water supply. Britain's utility industries, state-owned monopolies just ten years ago, offer a dramatic example of comprehensive reforms with parallels elsewhere: industries have been restructured, markets have been liberalized, and new regulatory methods and institutions have been created. The authors focus on common policy questions that arise in each industry while taking into account the considerable diversity between the industries and the different reform policies adopted. The analysis and experience in Britain's utility industries also provides a rich variety of issues concerning monopolistic and anticompetitive practices that are of interest for competition policy in general. "Regulation of Economic Activity series"

"This is an authoritative reference book of regulatory theory andpractice, which will be invaluable to economists, regulatory managersand policy-makers." Philip Burns, The Journal of Energy Literature

Part 1 Analytical framework: monopoly regulation - static analysis; monopoly regulation - multiproduct and dynamic issues; competition and liberalization; vertically related markets. Part 2 British experience: RPI - X price cap regulation; telecommunications; gas; electricity; water.

ISBN: 9780262510790
ISBN-10: 0262510790
Series: Regulation of Economic Activity
Audience: Tertiary; University or College
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 406
Published: 16th June 1995
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 22.6 x 15.0  x 2.3
Weight (kg): 0.57