Effects of the Change from Rate-of-return to Price-cap Regulation PDF Download
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Author: Ronald Ray Braeutigam
Publisher:
ISBN:
Category : Price regulation
Languages : en
Pages : 8
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Book Description
Author: Ronald Ray Braeutigam
Publisher:
ISBN:
Category : Price regulation
Languages : en
Pages : 8
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Book Description
Author: Ian Alexander
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This Note compares the effects of price cap and rate-of-return regulation on the risk borne by regulated utilities. It present evidence that price cap regulation subjects firms to greater risks and therefore raises their cost of capital. This result has one clear implication: firms regulated by price caps must be permitted to earn higher returns. If they are not, they will be unable to attract new investment capital and the quality of their service will decline.
Author: Catherine Liston
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Yukihiro Kidokoro
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Author: Alan Mathios
Publisher:
ISBN:
Category : Telephone
Languages : en
Pages : 78
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Book Description
Author: United States. Federal Communications Commission
Publisher:
ISBN:
Category : Telecommunication
Languages : en
Pages : 900
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Book Description
Author: Dieter Bos
Publisher: Oxford University Press on Demand
ISBN: 9780198283690
Category : Business & Economics
Languages : en
Pages : 315
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Book Description
The trend towards privatization has been particularly strong in the 1980s and 1990s. In the UK, some of the most important public utilities such as telecommunications, gas, and electricity have been privatized. Following unification, Germany is having to privatize an entire economy. This book examines the form of privatization, a topic which has not previously been subjected to rigorous economic analysis, and provides a comprehensive and thorough survey of arguments both for and against it. Both positive and welfare-economic approaches to deal with the complex problems of thetransition from public to private ownership are discussed. The author also examines the central issues of privatization such as why efficiency increases can be expected as a result of privatization, whether full privatization coupled with subsequent regulation is better than partial privatizationwith the government regulating from within the firm. He also looks at the role of trade unions in the privatization process.
Author: Kevin M. Currier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The two forms of natural monopoly regulation that are typically discussed in Intermediate Microeconomics textbooks are marginal cost pricing and average cost pricing (rate of return regulation). However, within the last 20 years, price cap regulation has largely replaced rate of return regulation due to the formers' potential to generate more efficient pricing structures and strong incentives for cost reduction. Price cap regulation, however, has received little attention in Microeconomics textbooks. This paper provides a simple model of price cap regulation that demonstrates its superiority over conventional rate of return regulation. The present paper thus forms the basis for a lecture on contemporary natural monopoly regulation.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
Publisher:
ISBN:
Category : Telephone
Languages : en
Pages : 450
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Book Description
Author: William H. Lehr
Publisher: Routledge
ISBN: 1135447861
Category : Language Arts & Disciplines
Languages : en
Pages : 260
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Book Description
In the last decade, the technology, regulation, and industry structure of our information infrastructure (telephone services, cable and broadcast television, and myriad new data and information services) have changed dramatically. Since the break-up of AT&T's Bell System monopoly, telephone services in the United States are no longer purchased from a single firm. Advances in fiber optics, wireless communications and software-controlled switching are changing how communication services are provided. As the global economy grows more dependent on a hybrid mix of interconnected networks, public officials in the US and abroad are relinquishing control of the market. All of these changes are affecting the quality and reliability of the telecommunications infrastructure, but informed discussions of the public policy and economic issues are scarce. Deregulation and increased competition have lowered prices, but have service quality and reliability suffered? Do advanced network technologies which make it possible to offer a dizzying array of new services increase vulnerability to system-wide failures? Who should or is likely to bear the costs of increased -- or decreased -- service quality? This volume tackles the economic and public policy issues raised by these difficult questions for an audience of industry executives, scholars, and policymakers. Leading scholars and analysts examine such issues as the effects of network ownership on incentives to invest in quality improvements and/or strategies for quality-differentiated pricing in tomorrow's broadband, integrated networks. They analyze the quality of current telecommunications networks and the impact of re-regulation on cable television quality. The contributions range from new microeconomic theory to new empirical research. As such, the volume makes a valuable contribution to the public debate on network quality and reliability. It will be useful both as an introduction to newcomers and as a resource for more experienced researchers. As regulatory, industry and national barriers to integrated communications fall, these issues are likely to become even more important. The research presented here provides a solid foundation for further discussion.
