A Pedagogical Note on the Superiority of Price Cap Regulation to Rate of Return Regulation PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download A Pedagogical Note on the Superiority of Price Cap Regulation to Rate of Return Regulation PDF full book. Access full book title A Pedagogical Note on the Superiority of Price Cap Regulation to Rate of Return Regulation by Kevin M. Currier. Download full books in PDF and EPUB format.
Author: Kevin M. Currier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
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: Kevin M. Currier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
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: Catherine Liston
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Yukihiro Kidokoro
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
Get Book Here
Book Description
Author: Ian Alexander
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
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: Tracy R. Lewis
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
Get Book Here
Book Description
Author: Ronald Ray Braeutigam
Publisher:
ISBN:
Category : Price regulation
Languages : en
Pages : 8
Get Book Here
Book Description
Author: Pornpimon Pongvitayapanu
Publisher:
ISBN:
Category :
Languages : en
Pages : 218
Get Book Here
Book Description
Author: Catherine Liston
Publisher:
ISBN:
Category : Price regulation
Languages : en
Pages : 40
Get Book Here
Book Description
Author: Seiichi Katayama
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 32
Get Book Here
Book Description
Author: John Dewey
Publisher: Createspace Independent Publishing Platform
ISBN:
Category : Juvenile Nonfiction
Languages : en
Pages : 456
Get Book Here
Book Description
. Renewal of Life by Transmission. The most notable distinction between living and inanimate things is that the former maintain themselves by renewal. A stone when struck resists. If its resistance is greater than the force of the blow struck, it remains outwardly unchanged. Otherwise, it is shattered into smaller bits. Never does the stone attempt to react in such a way that it may maintain itself against the blow, much less so as to render the blow a contributing factor to its own continued action. While the living thing may easily be crushed by superior force, it none the less tries to turn the energies which act upon it into means of its own further existence. If it cannot do so, it does not just split into smaller pieces (at least in the higher forms of life), but loses its identity as a living thing. As long as it endures, it struggles to use surrounding energies in its own behalf. It uses light, air, moisture, and the material of soil. To say that it uses them is to say that it turns them into means of its own conservation. As long as it is growing, the energy it expends in thus turning the environment to account is more than compensated for by the return it gets: it grows. Understanding the word "control" in this sense, it may be said that a living being is one that subjugates and controls for its own continued activity the energies that would otherwise use it up. Life is a self-renewing process through action upon the environment.
