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Incentive Regulation and the Regulation of Incentives
Glenn Blackmon
€ 126.03
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Description for Incentive Regulation and the Regulation of Incentives
Hardback. Explores public utility regulation using an economic framework of regulation. This framework allows the reader to understand what a regulator must do to maximize the economic benefits to consumers. This book is useful for academics interested in the study of regulation. Series: Topics in Regulatory Economics and Policy. Num Pages: 133 pages, biography. BIC Classification: KCC; KJU. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 9. Weight in Grams: 393.
The class is theory of price regulation assumed that the regulator knows the fIrm's costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The "regulatory problem" was reduced to a mere pricing problem: the regulator's goal was to align price with marginal cost, subject to the constraint that revenues must cover costs. Elegant and important insights ensued. The most important was that regulation was inevitably a struggle to achieve second-best outcomes. (Ramsey pricing was a splendid example. ) Reality proved harsh to regulatory theory. The fmn's costs are by no means known to ... Read more
The class is theory of price regulation assumed that the regulator knows the fIrm's costs, the key piece of information that enables regulators to pressure fmns to choose appropriate behaviors. The "regulatory problem" was reduced to a mere pricing problem: the regulator's goal was to align price with marginal cost, subject to the constraint that revenues must cover costs. Elegant and important insights ensued. The most important was that regulation was inevitably a struggle to achieve second-best outcomes. (Ramsey pricing was a splendid example. ) Reality proved harsh to regulatory theory. The fmn's costs are by no means known to ... Read more
Product Details
Format
Hardback
Publication date
1994
Publisher
Kluwer Academic Publishers United States
Number of pages
133
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
133
Place of Publication
Dordrecht, Netherlands
ISBN
9780792394709
SKU
V9780792394709
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Incentive Regulation and the Regulation of Incentives
`To sum up, Glenn Blackmon has written a fine book that repreents a valuable contribution to the literature on incentive regulation. He poses the `right' questions and supplies thought-provoking answers. The exposition is clear and well-motivated with the right mix of theory and practice. It should prove to be a useful reference for regulatory practitioners ... Read more