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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Competition and the Regulation of Utilities (Paperback, Softcover reprint of the original 1st ed. 1991)
Loot Price: R4,461
Discovery Miles 44 610
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Competition and the Regulation of Utilities (Paperback, Softcover reprint of the original 1st ed. 1991)
Series: Topics in Regulatory Economics and Policy, 7
Expected to ship within 10 - 15 working days
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companies to diversify may outweigh the costs of doing so, and that
some traditional regulatory concerns may be excessively
restrictive. The papers by Hillman, Harris, and Jang and
Norsworthy, while all relating to individual industries, have
lessons for other regulated industries. Hillman's paper, "Oil
Pipeline Rates: A Case for Yardstick Regulation," deals with the
important topic of yardstick regulation for oil pipelines. While
his application is highly specific, the potential application of
yardstick regulation goes beyond oil pipelines. He reviews the
evolution in the law regulating oil pipelines. While showing that
some progress has been made in introducing economic efficiency
considerations into regulation, he provides a careful critique of
the operation of existing regulation and suggests an alternative
based upon a yardstick approach. His approach seeks to use
competitive market prices as the yardstick, with administration of
price discrimination limited to dealing with possible "favoritism"
to subsidiaries and affiliates. "Telecommunications Services as a
Strategic Industry: Implications for United States Public Policy"
by Harris and "Productivity Growth and Technical Change in the
United States Telecommunications Equipment Manufacturing
Industries" by Jang and Norsworthy provide important insights for
telecommunications.
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