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Public Utility Regulation

The Economic and Social Control of Industry

  • Kenneth Nowotny
  • David B. Smith
  • Harry M. Trebing

Part of the Recent Economic Thought Series book series (RETH, volume 17)

Table of contents

  1. Front Matter
    Pages i-xi
  2. David B. Smith
    Pages 1-7
  3. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 28-34
  4. J. Robert Malko, Philip R. Swensen
    Pages 35-77
  5. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 78-91
  6. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 131-136
  7. Curtis Cramer
    Pages 137-154
  8. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 155-162
  9. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 179-184
  10. Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 217-222
  11. Back Matter
    Pages 239-243

About this book

Introduction

David B. Smith This is a book about the application of economic theory to a unique form of social control - public utility regulation. A central theme of this work is to examine the role that economics has played in shaping the rationale and direction of regulatory practices. While economic theory has played an important role in the shaping of regulatory policy in the past, it has an even greater potential role to play in the future as the regulatory community grapples with the many challenges of a changing economic environment. This is a very timely and much needed piece of work that can serve as a reference for decision makers who are facing the challeng­ ing problems of deregulation and competition. This work is comprised of 13 selected articles that guide the reader from an initial discussion of why we decided to regulate certain industries in the first place to a specific analysis of what role economic theory has played in the electric, natural gas, telecommunications, and water indus­ tries, and whether it should be allowed to play an even more dominant role in the future. The reader is then provided with a more modern version of what economists mean by the concept of natural monopoly and a menu of policy options that will allow society to derive any benefits from such a market structure.

Keywords

competition deregulation regulation research

Editors and affiliations

  • Kenneth Nowotny
    • 1
  • David B. Smith
    • 1
  • Harry M. Trebing
    • 2
  1. 1.New Mexico State UniversityUSA
  2. 2.Michigan State UniversityUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-2508-3
  • Copyright Information Springer Science+Business Media B.V. 1989
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-7632-6
  • Online ISBN 978-94-009-2508-3
  • Series Print ISSN 0924-199X
  • Buy this book on publisher's site