2 edition of economics of public utility regulation found in the catalog.
economics of public utility regulation
Irston R. Barnes
Includes bibliographical references (p. 889-908) and index.
|Statement||Irston R. Barnes.|
|LC Classifications||HD2766 .B27|
|The Physical Object|
|Pagination||xxiv, 952 p. :|
|Number of Pages||952|
|LC Control Number||42014332|
This book provides an excellent overview of the extensive literature covering the theory and practice of modern economic regulation of public utilities. It is written in a style which will be readily accessible to those new to the area. A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and a regulation ranging from local community-based groups to statewide government monopolies.. The term utilities can also refer to the set of services.
vention of the Public Utility Law Section of the American Bar Association:1 An eternal question in economics and consequently in legislative policy and law, is whether competition or regulation better protects the public interest in commerce and industry. Students of public utility law have assumedAuthor: Louis C. Kaplan. For over a century, the law of public utility regulation has supported and disciplined the nation's infrastructural industries. Regardless of sector or era, all utility law has shared five features: its mission (to align private utility behavior with the public interest); its diversity (from state law exclusive franchises to federal protection of shareholder investment); its reliance on.
Nothing. My old () edition of the Penguin Dictionary of Economics defines a public utility as follows: An industry supplying basic public services to the market and possibly enjoying monopoly power. Usually, electricity, gas, telephones, postal services, water supply, and rail and often other forms of transport are regarded as public utilities. This book provides those in the regulatory policy community with a basic theoretical and practical grounding in risk as it relates specifically to economic regulation in order to focus and elevate discourse about risk in the utility sector in the contemporary context of File Size: KB.
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The Economics of Public Utility Regulation surveys the large literature on the regulation of public utilities and provides industry studies with specific applications of the more general theories.
The industries covered Include telecommunications, electricity, gas, and water. The authors explain the economic concepts involved And present a rich framework for understanding the institutional and Author: Michael A. Crew, Paul R. Kleindorfer.
While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned, the question of whether to regulate more or to regulate less is a topic of constant debate, one that The Economics of Regulation addresses incisively.
It clearly remains the standard work in the field, a starting Cited by: The Economics of Public Utility Regulation.
Authors: Crew, Michael A., Kleindorfer, Paul R. Free Preview. David B. Smith This is a book about the application of economic theory to a unique form of social control - public utility regulation. A central theme of this work is to examine the role that economics has played in shaping the rationale and direction of regulatory practices.
Additional Physical Format: Online version: Barnes, Irston R. (Irston Robert). Economics of public utility regulation. New York: F.S. Crofts, ISBN: OCLC Number: Notes: Includes index.
Description: viii, pages ; 23 cm: Responsibility. Survey of the Theory of Peak-Load Pricing. Front Matter. Pages The book begins with a reexamination of the welfare foundations of public-utility economics, with special emphasis on consumers' surplus as a measure of social welfare.
The authors then present a comprehensive analysis of peak-load pricing, including traditional theory, multi-period, multi-plant, interdependent demand, stochastic demand, and.
About this book Keywords complementarity distribution economics Information Technology (IT) interest meeting planning pricing probability probability theory.
Public utilities supply a set of goods and services that are central to the workings of a modern economy. Their importance in the economy's structure is matched by the interest and complexity of the problems they present for economic analysis.
This two-volume set includes the most important and influential papers in the development of public utilities economics.2/5(1). Economic Innovations in Public Utility Regulation Economic Innovations in Public Utility Regulation.
Editors: Crew, Michael A. (Ed.) Free Preview. Buy this book eBook 80 The Antitrust Law and Economics of Essential Facilities in Public Utility Regulation. Pages I. Economics of Public Utility Regulation Public Utility Regulation grew out of the market imperfection that economies of scale made it inefficient to have more than one firm in the industry.
There is much controversy over how to regulate these natural monopolies and whether the gains exceed the costs of regulation. John L. Neufeld, Selling Power: Economics, Policy, and Electric Utilities before Chicago: University of Chicago Press, xiii + pp.
$60 (cloth), ISBN: Reviewed for by Lynne Kiesling, Department of Economics, Purdue University. Electricity is the fundamental industry enabling modern life.
Treating these digital services like the equivalent of a local sewage company would be a disaster for consumers, however, because public utility regulation is the arch-enemy of innovation and.
Dr Biggar is Australia’s leading expert on the economics of wholesale electricity markets and the economics of public utility regulation. Since he has provided economic advice primarily to the Australian Energy Regulator and the Australian Competition and Consumer Commission. Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare.
Public economics provides a framework for thinking about whether or not the government should participate in economic markets and to what. Olson’s encyclopedic knowledge of public utility ratemaking—gained through over 30 years of experience in working on economic, financial, accounting, and public policy issues related to public utility regulation—makes him uniquely well qualified to author The A to Z of Public Utility Regulation.
Dr Biggar is Australia’s leading expert on the economics of wholesale electricity markets and the economics of public utility regulation. Since he has provided economic advice primarily to the Australian Energy Regulator and the Australian Competition and Consumer Commission.
Total Utility. If we could measure utility, total utility would be the number of units of utility that a consumer gains from consuming a given quantity of a good, service, or activity during a particular time period. The higher a consumer’s total utility, the greater that consumer’s level of satisfaction.
Panel (a) of Figure “Total Utility and Marginal Utility Curves” shows the. Costello has authored over 90 articles and book chapters, and over technical reports. Costello is the Recipient of the Crystal Award for Distinguished Contribution to Public Utility Regulatory Policy. He received BS and MA degrees from Marquette University and has done doctoral work in economics at the University of Chicago.
The book is a valuable source of data for researchers interested in public enterprise economics. Show less Advanced Textbooks in Economics, Volume Public Enterprise Economics: Theory and Application focuses on economics, mathematical economics, and econometrics, including microeconomics, marginal-cost pricing, taxes, and income effects.
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Packed with intriguing pop culture examples, the text bolsters student interest by illustrating the unexpected places 5/5(4)." a rich account of the institutional details surrounding the development of the gas industry in Chicago and the corresponding development of public utility regulation [T]he wealth of interesting anecdotes alone made the book worth reading." —Public Choice.