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Author: Edythe Stern Miller
Publisher: MSU Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 508
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Book Description
For the past several decades, a climate of deregulation has encompassed industries ranging from public utilities to mass transportation. Harry Martin Trebing has been at the forefront of this debate as one of the foremost specialists in the world in the field of public utility regulation. Warren J. Samuels and Edythe S. Miller have collected a series of articles that assess Harry Trebing's theories on public utility regulation while examining his towering contribution to the field.
Author: Edythe Stern Miller
Publisher: MSU Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 508
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Book Description
For the past several decades, a climate of deregulation has encompassed industries ranging from public utilities to mass transportation. Harry Martin Trebing has been at the forefront of this debate as one of the foremost specialists in the world in the field of public utility regulation. Warren J. Samuels and Edythe S. Miller have collected a series of articles that assess Harry Trebing's theories on public utility regulation while examining his towering contribution to the field.
Author: Michael A. Crew
Publisher: Springer
ISBN: 1349072958
Category : Social Science
Languages : en
Pages : 306
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Book Description
Author: Charles Franklin Phillips
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 938
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Book Description
Author: William T. Gormley, Jr.
Publisher: University of Pittsburgh Pre
ISBN: 0822974274
Category : Political Science
Languages : en
Pages : 284
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Book Description
This book focuses on the important and increasingly controversial issues of utility regulation by combining a sophisticated understanding of these issues with a rigorous examination of various regulatory arrangements across the American states. It draws on interviews with participants in twelve states: public utility commissioners, commission staff members, utility company executives, governmental consumer advocates, and citizen activists. In addition to offering an up-to-date, comprehensive survey of regulatory politics at the state level, Gormley makes specific proposals for regulatory reform and emphasizes the importance (and difficulty) of assuring both expertise and accountability. Students of politics and public policy will find the state-level approach useful in examining the strategies of the "New Federalism" that transfer more and more formerly federal responsibilities to the states.
Author: Werner Troesken
Publisher: University of Michigan Press
ISBN: 9780472107391
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
A coherent argument in favor of regulating utilities
Author: Michigan State University. Institute of Public Utilities
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 598
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Book Description
Author: Kurt A. Strasser
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
This book proposes a new approach to the government regulation of utilities. Arguing that traditional command-and-control regulation does not encourage efficient performance, Strasser and Kohler advocate the use of an incentive-based regulatory system and offer a practical, realistic strategy for the successful implementation of such plans within the context of utility regulation. The analysis is supported by a comprehensive survey of the relevant legal materials, an overview of the literature on organization theory and institutional economics, and a survey of the latest thinking on how incentives can most effectively be paid. Strasser and Kohler begin by identifying problems associated with current regulatory techniques, demonstrating that disincentives are often built into the regulatory system. When that system has tried incentives, the authors show they have been applied in an ad hoc manner, further exacerbating the problem. In presenting the case for incentive-based regulation, the authors review the history of comprehensive incentive plans, look at what organization theory can teach us about using incentives as a regulatory strategy, and explore the effective use of incentive compensation by nonregulated companies. Strasser and Kohler then develop a strategy for implementing incentive plans in regulated utilities, showing that, in order to work, the plans must include the installation of clearly defined bonuses and penalties, specific standards of performance, the payment of bonuses to managers rather than shareholders, and reliable and complete measures of company performance. Policymakers, economists, public utility regulators, and attorneys involved in the complex arena of utility regulation will find Regulating Utilities with Management Incentives indispensable reading.
Author: Douglas D. Anderson
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
Traditional theories hold that regulatory agencies act mainly as champions of the interest they are meant to oversee. Anderson looks at regulation within the fast-changing environment. By adding the external political and internal bureaucratic variables he evaluates the capture theory.
Author: Michel Ghertman
Publisher:
ISBN: 9781848447141
Category : Deregulation
Languages : en
Pages : 0
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Book Description
Building on Oliver Williamson's original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a transaction cost approach, highlighting the challenges faced by major economic sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or revolutionized accordingly.
Author: Marc R. Tool
Publisher: Springer Science & Business Media
ISBN: 1461502616
Category : Political Science
Languages : en
Pages : 769
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Book Description
The purpose of this volume is to demonstrate how contemporary institutional economic analysis can be applied to the resolution of economic problems. All of the essays in this book challenge the conventional wisdom in the problem areas addressed. They advocate policy positions that often run contrary to views widely held by academic economists and policy makers alike. The general literature of institutional economics is unorthodox, beginning with its methodological foundations and continuing through the kind of policy analysis found in these pages. The orthodox tradition in economics is commonly characterized as "neoclassical economics." Neoclassical economics fosters the myth that only "the market" can efficiently allocate a society's economic resources and equitably distribute its income. It provides the intellectual defense for in which "free markets" are championed over democratic capitalist ideology policy formation, which it contends is neither efficient nor equitable. For both professional economists and policy makers of a conservative political persuasion, neoclassical economics writes the script for a morality play in which the market is the "good guy" and the government is the "bad guy." As such, it undermines the belief that free societies can enhance economic welfare through the use of democratic processes in the formulation of economic policies.
