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The Economics of Public Utility Regulation (Regulation of Economic Activity) by Michael A. Crew, Paul R. Kleindorfer is a nonfiction available to read on EtoBox.
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<i>The Economics of Public Utility Regulation</i> surveys the large literature on the regulation of public utilities and provides industry studies with specific applications of the more general theories. The industries covered Include telecommunications, electricity, gas, and water. The authors explain the economic concepts involved And present a rich framework for understanding the institutional and administrative context of the regulatory process. <p>Michael Crew and Paul Kleindorfer consolidated their reputations as experts in the field of regulated public utilities in 1979, when their book <i>Public Utility Economics</i> was published. Since then, theoretical concepts for dealing with utilities have been significantly extended, and utilities themselves have been dramatically transformed. This new book presents an indispensible update.</p> <p>The opening section introduces the basic welfare foundations, including a neoclassical treatment of efficiency and equity and a development of the principles of the new institutional economics. These concepts are then employed to examine the problems of natural monopoly and regulation.</p> <p>The material on welfare-optimal pricing puts spe
Who reads The Economics of Public Utility Regulation (Regulation of Economic Activity)?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Michael A. Crew, Paul R. Kleindorfer
- Publisher
- The MIT Press
- Published
- 1986
- Language
- EN
- ISBN
- 9780262031271
- Category
- nonfiction
- Subjects
- Economics, Management, Business
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