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Price Caps and Incentive Regulation in Telecommunications
Michael A. . Ed(S): Einhorn
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Description for Price Caps and Incentive Regulation in Telecommunications
Hardback. Editor(s): Einhorn, Michael A. Series: Topics in Regulatory Economics and Policy. Num Pages: 244 pages, biography. BIC Classification: KJU. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 15. Weight in Grams: 542.
Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's ... Read more
Michael A. Einhorn In continuing to deregulate telecommunications companies, regulators have begun to consider alternative approaches to traditional cost-based price regulation as a means of encouraging monopoly efficiency, promulgating technological innova tion, protecting consumers, and reducing administrative costs. Under cost-based regulatory procedures that had been used, prices were designed to recover the regulated company's costs plus an allowed rate of return on its rate base; this strategy was costly to administer, provided no consistent incentives to cost-ef ficiency and technological improvement, afforded many opportunities for strategic misrepresentation of reported costs, and may have encouraged both uneconomic expansion of the utility's ... Read more
Product Details
Format
Hardback
Publication date
1991
Publisher
Kluwer Academic Publishers United States
Number of pages
244
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
244
Place of Publication
Dordrecht, Netherlands
ISBN
9780792391135
SKU
V9780792391135
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Price Caps and Incentive Regulation in Telecommunications
'This book is a fine source of materials on price-caps and incentive regulation. It is highly topical and should appeal to anyone, especially economists, interested in the telecommunications industry. In addittion, it would make an excellent supplement text to any graduate-level course on regiulation.' Int. J. General Systems 20 1992