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Optimal Regulation: The Economic Theory of Natural Monopoly by Kenneth Train
US $48.77
ApproximatelyC $67.56
Condition:
Good
A book that has been read but is in good condition. Very minimal damage to the cover including scuff marks, but no holes or tears. The dust jacket for hard covers may not be included. Binding has minimal wear. The majority of pages are undamaged with minimal creasing or tearing, minimal pencil underlining of text, no highlighting of text, no writing in margins. No missing pages. See the seller’s listing for full details and description of any imperfections.
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eBay item number:364014756546
Item specifics
- Condition
- Book Title
- Optimal Regulation: The Economic Theory of Natural Monopoly
- Publication Date
- 1991-08-12
- Pages
- 352
- ISBN
- 9780262200844
About this product
Product Identifiers
Publisher
MIT Press
ISBN-10
0262200848
ISBN-13
9780262200844
eBay Product ID (ePID)
79847
Product Key Features
Number of Pages
352 Pages
Language
English
Publication Name
Optimal Regulation : the Economic Theory of Natural Monopoly
Publication Year
1991
Subject
Commercial / General, Commerce, Economics / General
Type
Textbook
Subject Area
Law, Business & Economics
Format
Hardcover
Dimensions
Item Height
1 in
Item Weight
26.4 Oz
Item Length
9.2 in
Item Width
6.1 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
91-004361
Dewey Edition
20
Reviews
"A synthesis of twenty years of theory on the regulation of natural monopoly presented with exceptional clarity." -Elizabeth E. Bailey, The Wharton School of the University of Pennsylvania
Grade From
College Graduate Student
Illustrated
Yes
Dewey Decimal
338.8/2
Synopsis
Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally.", Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field. The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics. Topics include The cost structure of natural monopoly (economies of scale and scope) * Characterization of firstand second-best optimality * Surplus subsidy schemes for attaining first-best optimality * Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them * Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality * The Averch-Johnson model of how rate-of-return regulation induces inefficiencies * Analysis of regulation based on the firm's return on Output, costs, or sales * Price-cap regulation * Regulatory treatment of uncertainty and its impact on the firm's behavior * Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.), Optimal Regulation addresses the central issue of regulatory economics - how to regulate firms in a way that induces them to produce and price "optimally." It synthesizes the major findings of an extensive theoretical literature on what constitutes optimality in various situations and which regulatory mechanisms can be used to achieve it. It is the first text to provide a unified, modern, and nontechnical treatment of the field. The book includes models for regulating optimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically, with clear explanations of often highly technical topics. Topics include The cost structure of natural monopoly (economies of scale and scope) - Characterization of firstand second-best optimality - Surplus subsidy schemes for attaining first-best optimality - Ramsey prices and the Vogelsang-Finsinger mechanism for attaining them - Time-ofuse (TOU) prices and Riordan's mechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley's method for using self-selecting tariffs to achieve optimality - The Averch-Johnson model of how rate-of-return regulation induces inefficiencies - Analysis of regulation based on the firm's return on Output, costs, or sales - Price-cap regulation - Regulatory treatment of uncertainty and its impact on the firm's behavior - Methods of attaining optimality without direct regulation (contestability, auctioning the monopoly franchise.)
LC Classification Number
HD2757.2.T73 1991
Item description from the seller
Seller feedback (501,285)
- a***e- Feedback left by buyer.Past monthVerified purchaseProfessional Seller; Wide Inventory Selection; Competitive Prices; Great Communication; FAST Ship; Item Safely & Well-Packaged; Item Accurately Described in Listing; Item of High Quality and in Mint Condition; Appearance of Item is Great! Highly Recommended; Hope to Do Business with Again! Thank You Very Much!
- m***u (846)- Feedback left by buyer.Past monthVerified purchaseAbsolutely delightful seller! As pictured and described, fast shipping, and great communication! Excellent packaging and a phenomenal value! This seller is an extremely valuable asset to the eBay community! A++++! ✨🥇✨
- a***a (346)- Feedback left by buyer.Past 6 monthsVerified purchaseThis hardback book is of the highest quality, has a fine appearance , arrived in perfect condition, and is an excellent value. On what I was not asked about this time, communicating with the seller would have required using email outside of the eBay system, because they do not accept eBay messages, the book was well packed in a purpose-designed cardboard box, the shipping was faster than I expected for the bound media rate, and the book was exactly as described and pictured.Tameshigiri - The History and Development of Japanese Sword Testing by Sesko (#282906424466)
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Seller feedback (501,285)
- a***e- Feedback left by buyer.Past monthVerified purchaseProfessional Seller; Wide Inventory Selection; Competitive Prices; Great Communication; FAST Ship; Item Safely & Well-Packaged; Item Accurately Described in Listing; Item of High Quality and in Mint Condition; Appearance of Item is Great! Highly Recommended; Hope to Do Business with Again! Thank You Very Much!
- m***u (846)- Feedback left by buyer.Past monthVerified purchaseAbsolutely delightful seller! As pictured and described, fast shipping, and great communication! Excellent packaging and a phenomenal value! This seller is an extremely valuable asset to the eBay community! A++++! ✨🥇✨
- a***a (346)- Feedback left by buyer.Past 6 monthsVerified purchaseThis hardback book is of the highest quality, has a fine appearance , arrived in perfect condition, and is an excellent value. On what I was not asked about this time, communicating with the seller would have required using email outside of the eBay system, because they do not accept eBay messages, the book was well packed in a purpose-designed cardboard box, the shipping was faster than I expected for the bound media rate, and the book was exactly as described and pictured.Tameshigiri - The History and Development of Japanese Sword Testing by Sesko (#282906424466)