Modern Economic Regulation
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Modern Economic Regulation

An Introduction to Theory and Practice

Christopher Decker

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eBook - PDF

Modern Economic Regulation

An Introduction to Theory and Practice

Christopher Decker

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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

Publisher
Cambridge University Press
Year
2014
ISBN
9781139989817
Topic
Business
Subtopic
Industrial Management
Index
Business
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