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Public Utility Regulation

The Economic and Social Control of Industry

  • Book
  • © 1989

Overview

Editors:
  1. Kenneth Nowotny

    1. New Mexico State University, USA

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  2. David B. Smith

    1. New Mexico State University, USA

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    You can also search for this editor in PubMed   Google Scholar

  3. Harry M. Trebing

    1. Michigan State University, USA

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    You can also search for this editor in PubMed   Google Scholar

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

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • David B. Smith
    Pages 1-7

  3. The Economics of Public Utility Regulation: An Overview

    • Kenneth Nowotny
    Pages 9-27

  4. Commentary by William M. Dugger

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 28-34

  5. Pricing and the Electric Utility Industry

    • J. Robert Malko, Philip R. Swensen
    Pages 35-77

  6. Commentary by John Wenders

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 78-91

  7. Telecommunications Regulation — The Continuing Dilemma

    • Harry M. Trebing
    Pages 93-130

  8. Commentary by Basil L. Copeland, Jr.

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 131-136

  9. Natural Gas Pipelines and Monopoly

    • Curtis Cramer
    Pages 137-154

  10. Commentary by W. W. Sharkey

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 155-162

  11. Urban Water Supply: The Divergence Between Theory and Practice

    • Patrick C. Mann
    Pages 163-178

  12. Commentary by Alfred L. Parker

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 179-184

  13. Natural Monopoly Measures and Regulatory Policy

    • Douglas Gegax
    Pages 185-216

  14. Commentary by Ronald R. Braeutigam

    • Kenneth Nowotny, David B. Smith, Harry M. Trebing
    Pages 217-222

  15. The Contribution of Economic Theory to the Regulatory Process: Strengths, Weaknesses, and Future Directions

    • Marilyn C. O’Leary, David B. Smith
    Pages 223-238

  16. Back Matter

    Pages 239-243
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Keywords

About this book

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.

Editors and Affiliations

  • New Mexico State University, USA

    Kenneth Nowotny, David B. Smith

  • Michigan State University, USA

    Harry M. Trebing

Bibliographic Information

  • Book Title: Public Utility Regulation

  • Book Subtitle: The Economic and Social Control of Industry

  • Editors: Kenneth Nowotny, David B. Smith, Harry M. Trebing

  • Series Title: Recent Economic Thought

  • DOI: https://doi.org/10.1007/978-94-009-2508-3

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Kluwer Academic Publishers 1989

  • Hardcover ISBN: 978-0-7923-9019-0Published: 31 October 1989

  • Softcover ISBN: 978-94-010-7632-6Published: 13 October 2011

  • eBook ISBN: 978-94-009-2508-3Published: 06 December 2012

  • Series ISSN: 0924-199X

  • Edition Number: 1

  • Number of Pages: XII, 244

  • Topics: Industrial Organization, Economic Policy, Public Economics

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