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Incentive Regulation and the Regulation of Incentives (Volume 17)
Glenn Blackmon
€ 126.32
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Description for Incentive Regulation and the Regulation of Incentives (Volume 17)
paperback. Series: Topics in Regulatory Economics and Policy. Num Pages: 133 pages, biography. BIC Classification: KCC; KCD. Category: (G) General (US: Trade). Dimension: 235 x 155 x 8. Weight in Grams: 242.
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
Paperback
Publication date
2012
Publisher
Springer/Sci-Tech/Trade United States
Number of pages
133
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
133
Place of Publication
New York, NY, United States
ISBN
9781461361657
SKU
V9781461361657
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Incentive Regulation and the Regulation of Incentives (Volume 17)
`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