Book by Train Kenneth
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"A synthesis of twenty years of theory on the regulation of natural monopoly presented with exceptional clarity." Elizabeth E. Bailey , The Wharton School of the University of Pennsylvania
Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field. The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics. Topics include The cost structure of natural monopoly (economies of scale and scope) * Characterization of firstand second-best optimality * Surplus subsidy schemes for attaining first-best optimality * Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them * Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality * The Averch-Johnson model of how rate-of-return regulation induces inefficiencies * Analysis of regulation based on the firm's return on Output, costs, or sales * Price-cap regulation * Regulatory treatment of uncertainty and its impact on the firm's behavior * Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.)
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gebundene Ausgabe. Condición: Gut. 337 Seiten Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber und kann entsprechende Merkmale aufweisen (Rückenschild, Instituts-Stempel.). Original-Schutzumschlag vorhanden (siehe Foto). In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 715. Nº de ref. del artículo: 2161731
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Condición: Good. Used book that is in clean, average condition without any missing pages. Nº de ref. del artículo: 9376194-6
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Condición: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Nº de ref. del artículo: 5055436-6
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Librería: Sabra Books, Naperville, IL, Estados Unidos de America
Hardcover. Condición: Very Good. Estado de la sobrecubierta: Very Good. 1st Edition. Selected pages may contain color pencil markings/underlining. Slight wear to the edges of the book. Slight wear to DJ edges. THIS IS A HEAVY ITEM. ALL ORDERS MIGHT REQUIRE ADDITIONAL SHIPPING CHARGES. Nº de ref. del artículo: 107393
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Librería: Kloof Booksellers & Scientia Verlag, Amsterdam, Holanda
Condición: as new. Cambridge, MA: The MIT Press, 1991. Hardcover. Dustjacket. 338 pp.- Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field.The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics.Kenneth E. Train is Associate Adjunct Professor in the Department of Economics and Graduate School of Public Policy at the University of California, Berkeley. He is also Principal of the firm Cambridge Systematics.Topics include: The cost structure of natural monopoly (economies of scale and scope). Characterization of firstand second-best optimality. Surplus subsidy schemes for attaining first-best optimality. Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them. Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality. The Averch-Johnson model of how rate-of-return regulation induces inefficiencies. Analysis of regulation based on the firm's return on Output, costs, or sales. Price-cap regulation. Regulatory treatment of uncertainty and its impact on the firm's behavior. Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.) English text. Condition : as new. Condition : as new copy. ISBN 9780262200844. Keywords : , Monopolies. Nº de ref. del artículo: 263359
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Librería: Bingo Used Books, Vancouver, WA, Estados Unidos de America
Hardcover. Condición: Good. Estado de la sobrecubierta: Near Fine. hardback in very good condition. near fine dust jacket. highlighting. Nº de ref. del artículo: 130688
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Librería: Tik Books ME, Madrid, España
Encuadernación de tapa dura. Condición: Bien. Estado de la sobrecubierta: Aceptable. M072353. Planeta - 338pp The economic theory of natural monopoly. LIbro en inglés. ML Q001857. Planeta - 338pp The economic theory of natural monopoly. LIbro en inglés. ML. Nº de ref. del artículo: 654515
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Hardcover. Condición: new. Excellent Condition.Excels in customer satisfaction, prompt replies, and quality checks. Nº de ref. del artículo: Scanned0262200848
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