- 490 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
Drawing from the most recent work on economic regulation, this book introduces readers to the main principles and examines how economic regulation is applied in four key public utility industries - electricity, gas, water and telecommunications. Written for students and practitioners with little prior knowledge of economic regulation, this is an accessible, non-technical entry point to the subject area, exploring the fundamental questions: Why do we regulate? What are alternatives to regulation? Which institutions are involved in regulation? What have been the impacts of regulation? Readers will gain a clear understanding of the basic principles that apply to all regulated sectors, as well as the regulatory choices that reflect the specific economic and physical characteristics of different industries. Case studies demonstrate connections between regulatory theory and practice, and extensive references provide readers with resources for more in-depth study.
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Information
Introduction
10
chapter,
boxes
are
used
to
present
examples
of
specific
applications,
and
adaptations,
of
some
of
the
principles
discussed
in
Part
II
in
the
four
industries.
Chapter
12
draws
out
some
general
conclusions
and
themes
from
the
book.
In
particu-
lar,
it
reflects
on
how
the
various
rationales
for
economic
regulation
discussed
in
this
book
have
important
implications
for
the
design
of
regulatory
policy
and
institutions,
particularly
in
the
context
of
a
transition
to
competition
in
some
activities.
Chapter
12
also
draws
conclusions
about
the
relationship
between
the
principles
developed
in
analyt-
ical
models
and
real-world
regulatory
practice,
identifying
a
role
for
analytical
models
in
clarifying
various
key
concepts
and
in
making
explicit
the
high-level
trade-offs
between
different
types
of
regulatory
strategies.
Finally,
the
chapter
summarises
the
evidence
as
to
the
effects
of
restructuring
policies
across
the
different
public
utility
industries
and
outlines
some
of
the
future
challenges
likely
to
face
modern
regulators
of
these
industries.
PART
I
Table of contents
- Cover
- Half-title page
- Title Page
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Selected acronyms and abbreviations
- 1 Introduction
- PART I
- PART II
- PART III
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