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Topics in Regulatory Economics and Policy

Competition and the Regulation of Utilities

Editors: Crew, Michael A. (Ed.)

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About this book

companies to diversify may outweigh the costs of doing so, and that some traditional regulatory concerns may be excessively restrictive. The papers by Hillman, Harris, and Jang and Norsworthy, while all relating to individual industries, have lessons for other regulated industries. Hillman's paper, "Oil Pipeline Rates: A Case for Yardstick Regulation," deals with the important topic of yardstick regulation for oil pipelines. While his application is highly specific, the potential application of yardstick regulation goes beyond oil pipelines. He reviews the evolution in the law regulating oil pipelines. While showing that some progress has been made in introducing economic efficiency considerations into regulation, he provides a careful critique of the operation of existing regulation and suggests an alternative based upon a yardstick approach. His approach seeks to use competitive market prices as the yardstick, with administration of price discrimination limited to dealing with possible "favoritism" to subsidiaries and affiliates. "Telecommunications Services as a Strategic Industry: Implications for United States Public Policy" by Harris and "Productivity Growth and Technical Change in the United States Telecommunications Equipment Manufacturing Industries" by Jang and Norsworthy provide important insights for telecommunications.

Table of contents (11 chapters)

  • Introduction to Competition and the Regulation of Utilities

    Crew, Michael A.

    Pages 1-6

  • The Law and Economics of Intralata Competition: 1+ Issues and Access Charge Imputation

    Sievers, Mark

    Pages 7-31

  • Diversification and Regulated Monopoly

    Crew, Michael A. (et al.)

    Pages 33-49

  • Predatory Pricing Safeguards and Telecommunications Regulation

    Larson, Alexander

    Pages 51-69

  • Oil Pipeline Rates: A Case for Yardstick Regulation

    Hillman, Jordan Jay

    Pages 71-95

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4615-4048-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-0-7923-9083-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $189.00
price for USA
  • ISBN 978-1-4613-6811-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Competition and the Regulation of Utilities
Editors
  • Michael A. Crew
Series Title
Topics in Regulatory Economics and Policy
Series Volume
7
Copyright
1991
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4615-4048-9
DOI
10.1007/978-1-4615-4048-9
Hardcover ISBN
978-0-7923-9083-1
Softcover ISBN
978-1-4613-6811-3
Edition Number
1
Number of Pages
XI, 211
Topics