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Economic Regulation : Cases and Materials

Economic Regulation : Cases and Materials - 94 edition

Economic Regulation : Cases and Materials - 94 edition

ISBN13: 9780870842757

ISBN10: 0870842757

Economic Regulation : Cases and Materials by Richard J. Pierce - ISBN 9780870842757
Edition: 94
Copyright: 1994
Publisher: Anderson Publishing Co.
Published: 1994
International: No
Economic Regulation : Cases and Materials by Richard J. Pierce - ISBN 9780870842757

ISBN13: 9780870842757

ISBN10: 0870842757

Edition: 94

Author Bio

Pierce, Richard J. Jr. :

Paul Kellner Professor of Law, Columbia University School of Law



Table of Contents

Table of Contents

Chapter I: The Market

A. Demand
B. Supply
C. Competitive Equilibrium


Chapter II: Market Failure and Regulatory Intervention

A. Natural Monopoly
B. Destructive Competition
C. The Tragedy of the Commons and Externalities
D. Information Problems
E. Third Party Decisionmakers and Third Party Payments
F. Redistribution of Wealth
G. Windfall Profits


Chapter III: Basics of Regulation

A. Traditional Formula for Calculating Allowed Revenues
B. Rate Base and Rate of Return
C. Rate Design
D. Non-Price Regulatory Controls


Chapter IV: Regulatory Failure

A. Price Controls in a Structurally Competitive Market
B. X-Inefficiency
C. Jurisdictional Conflicts
D. Structural Inefficiency


Chapter V: Innovative Responses to Regulatory Failure

A. Deregulation
B. Breaking Up a Monopoly
C. Equal Access to Bottleneck Facilities and Unbundling
D. Competitive Contracting
E. Competition at the Retail Level
F. Incentive Regulation
G. Changing Technology
H. Transition Costs


Chapter VI: Merging Economic Regulation and Environmental Regulation

A. Contingent Valuation
B. Conservation
C. Environmental Adders