The Impact of Rate-of-Return Regulation on Technological Innovation (Paperback)

This book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of 'monopolies' - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Bruton Center for Development Studies Series
Release date:	April 2017
First published:	2001
Authors:	Mark W. Frank
Format:	Paperback
Pages:	146
ISBN-13:	978-1-138-26385-7
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Economics > Labour economics > General Books > Business & Economics > Business & management > Management of specific areas > Research & development management Books > Earth & environment > Geography > Human geography > General Books > History > History of specific subjects > Economic history
LSN:	1-138-26385-0
Barcode:	9781138263857

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